Gold trading lower on Trump health uncertainity

Bullion is seen attempting to regain some status above support at $1,882, despite leaving behind channel resistance-turned support, etched from the high $1,703. If buyers maintain a dominant position north of $1,882 this week, are traders likely to seek all-time peaks at $2,075? Upside momentum subsided heading into Wednesday’s session, and continued to establish deep retracements before finally testing resistance at $1,916 on Friday. Note price sold off from here into the close, underlining the possibility of reaching for support at $1,871 sometime this week.Given H4 demand to the left of price appears mostly consumed and daily price recently tested resistance at $1,911, cruising back to H4 support at $1,871 this week is possible. On the flip side, a H4 close above $1,916 may call for H4 resistance at $1,941, in line with weekly price holding above support at $1,882.

Suggestion: BUY GOLD FROM 1888-85 SL BELOW 1874 TGT 1900-1905 ELSE SELL BELOW 1875 SL ABV 1905 TGT 1845