Update: Gold price rebounds from the first target

Gold price found solid resistance at our first positive target at 1800.00 and shows strong bearish rebound from there, which hints the price hed to resume the correctional bearish track in the upcoming sessions, noting that breaking 1770.00 will confirm the continuation of the decline for the rest of the day and open the way to head towards 1734.10 as a next negative target.

On the other hand, we should note that the consolidation of 1770.00 level against the current negative pressure and breaching 1800.00 will lead the price to achieve new gains that reach 1825.15.