is now consolidating in a widened descending bevel coming from the previous bullish
rally. We are now close to a key fibo 50% around 1760. It could be a good idea to play the rebound on this key level and the continuation of the long terme bullish trend
. There is also lot of polarity support on this area. Otherwise more downside could lead the gold
to another key polarity support and also a Fibo @ 61.8% around 1700. Target for this scenario is 1885-1900 area.