Gold under correction

Early hours trading during Asian session saw Gold hovering around 1825, however Eurpean session started giving up gains in the yellow metal and so far the prices have tested low of 1808. Intraday 4 Hour chart shows the bounce back is facing resistance at 50 EMA 1813 and if prices succeed above the barrier, expect next upmove to 1819 the middle Bollinger Band and 1825 before any move to test intraday high of 1827 which is required to be cleared for next stiff resistance area of 1835

Weakness below 1825 is very likely to push the yellow metal to retest 1808 and 50 Day EMA 1801 as suggested by exhausted Stochastiv RSI on Daily chart pointing downwards