Gold $1788-93 is such a strong support level so far but If it breaks below this area things will get worse.
Key technical levels to watch this week
Support: $1786/80 and $1770/65
Resistance: $1810/15 and $1825/36
Gold price trading slightly lower ahead of US retail sales report. The metal needs a clear break of the previous session high 1834 to move further upside 1840/45. On the flip side, a breakdown through 1818/15 would negate that bias and suggest a test of the 1810/00 support region.
The safe-haven metal shy to break the psychological level of $1800 ahead of the US NFP report. The move above the psychological mark of $1800 will drive the metal up to the next upside levels of $1814/1820. On Wednesday, the yellow metal received a further boost following the...