Gold bulls unable to break 1818 level, more drop likely

Gold is struggling to break above the 1818 resistance level . This level is important
from a technical point of view because the 100 day EMA resides at this level.

So, if the bulls continue to struggle at this area, there is a risk of a decline in Gold
prices over the next couple of weeks.

If bearish price action continues at this 100day EMA level, I would recommend traders
to sell Gold@1800-1820 with SL above 1835 and TP at 1750