Gold is correcting after a false support breakout. We may see a flat formation inside 1984-1853. Support may be tested soon, which will push the price upward
TA on the high timeframe: 1) Strong bullish trend and correction after a false breakdown 2) The dollar index is standing still, which makes many doubtful. This is also negative for gold
TA on the low timeframe: 1) False break of resistance and price falls to 1953. 2)If a false breakdown is made, a local rise to 1984 will begin 3) This will confirm the flat boundaries and determine the future direction of the price.