Price is certainly at very stiff resistance for the moment, if gold surpasses that resistance then a retest of 1850 is probable.
It is more likely that Gold remains range bound for a while, since the RSI is near oversold and the resistance above is stiff. A fall below 1700 is very bearish.
A drop in Gold might correspond to a rise in the dollar (see idea below).
It is more likely that Gold remains range bound for a while, since the RSI is near oversold and the resistance above is stiff. A fall below 1700 is very bearish.
A drop in Gold might correspond to a rise in the dollar (see idea below).
