Gold falls straight $46

The sharp $46 drop took support at 200 Day SMA 1802 and settled the day at 50 Day EMA 1809
Stochastic signal line reaches 9.20 and slow stochastic line reads 11.90 which makes Gold oversold and consolidation above 1800 level better above 50 Day EMA 1809 can trigger a recovery to 38.2% fibonacci level 1825 and horizontal static support turned resistance 1833
Consolidation above 1833 with volume support can extend recovery to pivot 1845 and 23.6%fibonacci level 1860
Considering the violent long unwinding, the recovery may succumb to bearish designs.
Rejection at (or failure to reclaim 1825-1833) can push Gold down again to 200 Day SMA 1802 which is acceleration point to support cluster 50% Fibonacci level 1795 and 100 Day SMA 1790, even 100 week SMA 1785