Gold remain stuck in a major correction that began back in August 2020. The big question is whether a dip to support near 1,825 will be enough to propel gold higher through the all-time high at 2,070 towards 2,400 and 2,700 or the correction will go all the way down to strong support near 1,682 before having gained enough energy to start the next impulsive rally higher through the all-time high at 2,070.
A clear break below support at 1,825 will call for more downside pressure towards 1,682 before moving higher, but for now we need to see what happens as gold move closer to support near 1,825.