Update: Gold price faces solid support

Gold price found solid support at 1700.00 barrier, to rebound upwards clearly and reach 1724.00 now, hinting the attempt to recover and achieve more intraday gains, which urges caution from the upcoming trading, as continuing the rise and surpassing 1735.00 will lead the price to continue the rise and head towards 1765.00 as a next positive target, while bouncing bearishly from the current areas will press on the price to resume the bearish track that its first target located at 1692.00.