After testing technical support, Gold has rebounded and is trading at 1789 at the time of writing.
In my opinion, this rebound is a good opportunity for bears to open short position above 1790 and I expect gains to be well caped around 1800 zone
The target for short term traders can be 1765 but, as mentioned, I expect this support to fall in the medium term
A daily close above 1800 would negate this scenario and put Gold in no man's land.
P.S: I saw the and I choose to ignore it
As I said, in my opinion, a rise from Gold at this point would be too stupid easy
For each 0.01 volume on gold 100 pips means 10usd profit or loss!
See your volume not the laverage that the idipt broker offers!