Spot Gold Short Term Outlook : Above $1785 the two key targets are the contract high at $1796 and an up-trending at $1800 level. Crossing to the strong side of the up-trending Gann angle will put gold in an extremely bearish position.
Spot gold under the pivot at $1775.10 are additional Gann angles at $1748.00 and $1738.00. The latter is the last potential support angle before the $1720.00 main bottom.
Gold short-term range is $1671.70 to $1800. If the main trend changes to down then look for a break into its 50% level at $1734.
