GOLD UPDATE

Hello, Traders! Gold is attempting a recovery after dropping to $1730 support zone yesterday. XAUUUSD climbed above $1740 comfortably amid weakness in the DXY. The declining 200-period Simple Moving Average is found at $1787 and adds to the downside filters. The ongoing recovery can be stopped at $1750 to $1780 followed by a sell-off. Gold is oversold but the selling pressure is still there and still targets $1722.
Please like and comment if you like the idea below ⬇️