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Gold very short term trend analysis


As per 4 hour chart gold is weakening technically and it seems that below 1750-45 area this can attract more sellers. Respect of 1745 zones is less likely, failure would confirm a decline till 1705 zones. 1790 zones will remain key resistance above 1790 bullish move can’t be ruled out for 1819-1840 primary trend on midterm will remain bullish short term selling pressure can’t be ruled out below said support. Bearish divergence on MACD indicator is suggesting big money is not flowing in market. Below 1745 2 major reasons will attract big players that are failure of support and MACD falling below 0 line confirming a strong failure below expected support. 
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