Gold Supported at 1800 but Bears are Still in Charge

Gold remains bearish despite support at 1800. Sellers are waiting at the POC zone.

A retracement towards 78.6-88.6 zone is good for sellers. We can also see an order block in addition to strong retracement zone. If we see a retracement towards 1825-30 watch for a renewed wave of selling towards 1816, 1812 and 1800. A break below 1800 and 1791 is next. As long as 1845 is safe, bears should not have any problems.

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