The gold visited the two week lows amid a strong pickup in the USD demand. Traders preferred the dollar to the gold as a safe-haven asset this time. We believe the selling pressure is likely to remain intact in the coming days.
The main scenario is a recovery to 1930.
The alternative scenario assumes a move to 1900.
In order to return to 1930, the spot needs to break the level at 1920.
We will wait a break below 1910 to sell gold to 1900.