Gold is short term caught between 55 and 100 Moving Averages - range bound between 1,934 and 1,982. Break out is needed for direction.
The RSI divergence indicates break out is likely to be to the upside.
However, if Gold closes below 1,934 and RSI closes back below 40 a sell-off down to around 1,870 could be seen.
If a close above 1,982 Gold is likely to resume uptrend. An uptrend that is likely to take Gold back to test all-time high levels around 2,070. A break back above 1,982 will also mean that the lower trendline in the rising channel on the weekly chart is intact.
There is RSI divergence however, on weekly is a bit of a concern for the upside. And if Gold breaks below the lower rising trendline a larger correction (than what we have seen so far) could unfold.
However, for the medium- to longer-term bullish picture to be reversed a weekly close below 1,800 is needed.