#GOLD (Intraday perspective: Bearish pressure at 1,818.81)
Gold prices pulled back to support at 1,802.50, in-line with 38.2% Fibonacci retracement. Price actions indicate a possibly triangular pattern formation where the prices could bounce to retest resistance at 1,818.81, in-line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and descending trendline resistance. If the price drops, it will swing towards support at 1,802.50, in-line 88% Fibonacci retracement, 76.4% Fibonacci extension and ascending trendline support.
