Analysis: Gold has been pushed back strongly from the the 200DMA. The bullish momentum was pretty strong during the US session on Friday but the act has failed badly. I also marked a specific market structure on the chart, just as an explanation why I am expecting another sharp drop. We know that the 1720$ zone is a pretty strong support zone on the market, but I see a huge chance of another try to break it. Once we managed to break it the road will be open for the 1500-1450$ level.
