Today GOLD is firmly bearish, it has already hit the S3 support, which is 1776.
The rebound in 10 years US T-bond is apparently weighing on Gold and the next support lies at 1766.
On the daily chart, the next major support is 1740.
Not financial advice.
GOLD target of 1850 is still intact.
GOLD is well supported by 20 DMA and also the chart structure is making an ascending triangle, I will discuss that later. But at this moment the lower band is supported by 1780 zone and GOLD trading well above 20 DMA gives credence to the bias of 1850 as the target.
Not financial advice.