Update: Gold price faces strong negative pressures

Gold price suffered more losses and attacked 1901.80 level, as it touched 1882.00 areas and bounced upwards clearly to hover around the first level now, which makes us stay neutral until the price confirms its situation according to 1901.80, as holding above it will push the price to regain the main bullish trend and head towards 1934.86 areas initially, while failing to hold above it will lead the price to achieve more decline and head towards 1860.00 as a next negative target.