#GOLD (Intraday perspective: Bullish pressure above close of 1,815.00)
Gold dropped and found support at about 1,792.78 during Monday session, in-line with 38.2% Fibonacci retracement and 50MA. If prices can close above the major resistance area at 1,815, it would swing toward our first resistance at 1,826.50, in-line with 61.8% Fibonacci retracement and 200% Fibonacci extension. If price drops, it would still find support at 1,792.78, in-line with 38.2% and 50% Fibonacci retracement.
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