Gold- Can it drop to 1750? (Long Term Outlook)

After 6 years of consolidation and range trading from 2013 to 2019, Gold has broken above 1350 resistance (neckline for the cup and handle formation) and had a 50% (almost 8000 pips) run to 2100.
From the beginning of August though Gold entered into a correction phase and traded in a range between 1850 and 1950, more or less
"The vaccine news" from last Monday had a great impact on the yellow metal and the price dropped more than 1000 pips in just one day.
From the technical point of view, last week's drop engulfs 5 weeks of range trading and rise, and although the weekly close is above 1870 we still have a strong sell signal for the medium term.
As long as the price stays under 1910 on the daily basis close, I'm bearish and I expect 1850 support to be broken.
The target for sell medium-term trades can be 1750 horizontal support and 38% Fibo confluence and, as I said, if Gold manage to recover above 1910 the most probable scenario is range trading between 1950 and 1850.
That being said one thing is clear, in the very long term Gold is bullish and even a drop to 1750 would do nothing to alter this strong bull trend