XAUUSD H4 | Market Outlook UPDATE

The market looks like it could go a little bit lower but given enough time, I would anticipate buyers below. This is especially true near the 1800 level, which of course is a major round figure. The 50 week EMA sits just below there, so I it is only a matter of time before we go higher from that level if we form any type of support whatsoever. If we break down below there, things could get ugly and send gold down to the 1700 level.