Gold closed yesterday above 5 Day EMA and 23.6% fibonacci level 1859.50 while Stochastic RSI approaches oversold areas which keeps bullish bias intact.

Intraday sideways consolidation can cause some limited downside to 1850 area attracting swing traders for range trading to test 1860-1868 resistance zone.

If enough buying momentum supports the prices can reach 1885-1900 & extend to 1916

Failure to hold above 1868 can result in bearish momentum with 1833 as initial target extending to 1825 & 1815