Gold - Reversal pattern identified (Short Term)

Short Term:
- Bearish structure identified. - Possible bearish price movement towards the next support 1661 and 1652 within the next period.

IMPORTANT: Above 1692.80 (Bullish to 1730 and 1780)

Long term:
- Gold price faced strong sudden negative pressure affected by strong sell offs of investors’ profit gaining, as it approached the key support 1633.60 but settled again around 1670.00 to keep the bullish trend scenario active for the upcoming period, which targets 1689.33 followed by 1735.50 levels mainly, reminding you that it is important to hold above 1633.60 to continue the expected rise.