The $1,879-$1,877 region now seems to protect the immediate do | Forex Signals Extreme Pips

The $1,879-$1,877 region now seems to protect the immediate downside ahead of the $1,870-$1,868 support zone.

Any further decline would still be seen as a buying opportunity near an eight-month-old descending trend-line resistance breakpoint, around the $1,856-$1,855 zone. The latter should act as a strong base for gold, which if broken decisively might prompt some long-unwinding trade. The XAU/USD could then accelerate the corrective slide towards testing the next relevant support near the $1,832-$1,830 region, which was our target for this week.