Gold has been trading above 1780 but faces resistance from 1788 and shows tendency to take a dig down aiming 61.8% fibonacci level at 1768 which is likely to extend to 1760

If selling intensifies, prices can correct to 1742 & 1720 over an extended period of time during the week.

On the flip side, sustained move above 1780 and consolidation above 1789 may start recovery to 50% Fibonacci level 1796 and retest previous week high 1808 which is acceleration point to resistance 1818 and 38.2% fibonacci level 1825