The Gold price is making new lower lows towards $1,204-207 as expected after breaking below $1,217. Support levels are broken one after the other. Gold price remains in a bearish trend, oversold, inside the downward sloping wedge pattern. Next target is at $1,193.

The Gold price remains inside the downward sloping wedge pattern. The price is testing the resistance area at $1,225-26. A sustained break above this area and a continued move higher above $1,235 could be the first sign of a bigger reversal.

The Gold price remains in a bearish trend in 2018 lows. Gold price continues to make lower lows and lower highs. Change in trend to bullish will change only on a break above $1,245. A weekly close above this level will also be a very bullish signal.

The Gold price is diverging. The price remains in a bearish trend. A bounce to $1,290 is justified but we cannot rule out a move to $1,200-$1,210 if $1,235-37 fails to hold.