Gold retraced to the 1840s area an we might see a consolidation between 1860/1840, if that happens we could trade a possible breakout to the downside. I wouldnt go long near this area since its a strong resistance.
Comment:
Getting nice rejection from 1840s area, expecting price to reach 1770s. We might still see consolidation in current trading levels, but as long as our previous lower high @1850 is not broken we are bearish.