Gold is facing downward pressures from the bonds markets as some outflows from the ETFs begin again. The price is below the key, 233-day moving average again and retesting it as resistance now. If get passed above, a move to the 144-day moving average might be possible. But because of the fundamentals, the main direction is to the south for now.
For the shorter term, 1836 is the first major resistance and it is close to the 233-day moving average as well. Above it, the 1850-1860 resistance zone will be important. As for the downside, 1812-1800-1787 can be followed as potential support levels for the remaining of the week.
