1840-1850 zone should be strong ceiling for #Gold
After the strong drop from 1875 recent high, as was normal, Gold has started to correct higher. However, considering the violence of the drop, there is a high probability of down continuation for the yellow metal.
1840-1850 zone should provide a strong ceiling now and traders can look for selling opportunities in this zone.
The first obvious support is around 1780 and Gold back above 1850 on a daily close bases would negate this scenario.
