#GOLD (Intraday perspective: Bearish pressure below 1,790.00)
Gold price tested 1,790.67, in-line with 78.6% Fibonacci extension, horizontal overlap resistance and 50MA where could potentially see the price face bearish pressure to our first support at 1,754.00, in-line with our 78.6% and 100% Fibonacci extension. If the price bounced from current level, we could see the price swing towards first resistance at 1,804.04, in-line with our 38.2% Fibonacci retracement and 161.8% Fibonacci extension.
