Gold finds interim support below $1730

Gold had dropped through $1728/29 lows today, before finding support. The yellow metal is seen trading higher around $1737 levels for now and might push through $1756 highs as well, The next levels of resistance is seen towards $1775/80 mark, close to fibonacci 0.618 of the drop between $1875 and $1676 levels respectively. A bearish turn there would bring bears back into control and drag prices lower towards $1650 and $1550.

Remain short against $1965, towards $1550