Here are two very simple scenarios for Gold. Looking at the macro data, we have risk off mood which should support Gold prices over the next couple of days, however should US Yields spike up, we can expect for gold to reach 1910 over the next few days, but if US Yields drop, Gold will have a field day and expect 1950 test to be done very soon.
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Insanely strong rebound from breaking support, showing that gold is being bought on dips, very difficult short, if anyone is going for it.
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on 1 and 5 minute chart gold formed a double bottom, showing buyer strength, I am going to assume that Gold is going to rebound today to 1940, should that double bottom break at 1923, we will see Gold flush.
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I would advise to stay away from Gold today, extremely volatile, bears and bulls are battling around the 1920's area, I do not think there will be a clear winner today, SL Hunts will be in play today.