Gold has continued its sell-off breaking straight through support at 1,870 closing in on key support at around 1,804.
RSI is showing negative sentiment with no divergence indicating lower levels from here. It is however, signaling that Gold is moving in to oversold territory. An exhaustive move down to 1,800 level should be expected. 0.618 Fibo retracement is just a few dollars below the key support.
From the weekly chart we can see how the 1,804 support is key but also fairly strong. Key because the medium-term to longer-term picture will reverse to bearish if closing a week below. But also strong with the 200 weekly Moving Average coming up adding to the support.
Medium-term Gold is in a bear trend but longer-term still in an uptrend.
Current level is also around the lower part of the Cloud (blue shaded area) which often adds to the support