XAUUSD DOWNSIDE TOWRADS $1800 - $1790

Gold is bearish intraday below $1820. The price may drop to support at $1800 and could continue to fall towards $1790 support. The sellers would need to clear support levels around $1793, where the SMA100 one-day and the previous week’s low meet. A recovery towards resistance at $1814, where (200 SMA) four-hour and Fibonacci 38.2% one-month coincide would allow to test $1819 supply area. Daily and 4H charts show bearish momentum. For now, XAUUSD appears to be forming a consolidation pattern between $1830 and $1800, a break may cause more more volatility in Gold.