The price of gold fell by $50.00 yesterday, from $1810 to the $1760 level. During the Asian trading session, we saw a recovery to the $1770 level. But we did not stay there for long, and the price went down again to the previous low of $1760. We need a continuation of negative consolidation and a breakout below for a bearish option. Potential lower support targets are $1750 and $1740 levels. For a bullish option, we need a new positive consolidation and a jump to the $1780 resistance zone. After that, we must stay at that level so that gold forms a new higher low from which we can continue the bullish recovery. ... (full story)