Gold is struggling is tight range below 1850 resistance so far today. But some support is seen from 4 hour 55 EMA, suggesting that sellers are not so committed so far. Focus stays on 1850.50 support turned resistance. Decisive break there will add more credence to the case that correction from 2075.18 has completed and bring strong rise through 55 day EMA. However, break of 1807.46 minor support will suggest rejection by 1850.50, retain near term bearishness, and bring retest of 1764.31 low.
