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Gold pullback expected

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XAUUSD retreats further from a multi-month top, $1786. The weekly low, near $1750, might protect the immediate downside ahead of the $1745 area below which Gold is likely to extend the ongoing corrective pullback towards $1730 demand zone. The 100-hour SMA, currently near the $1768 region seems to cap the upside. A sustained move above it would allow gold bulls to test $1780 supply area again. Sluggish sentiment and US Dollar rebound also favor XAUUSD bears as long as Gold below $1778. We expect Gold to move lower towards $1756 - $1750 area.
Nota
Gold is moving as expected towards $1756.
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