Gold the medium-term bias targets $1,867

The daily chart highlights mixed trading for the last 14 days as we consolidate within the $1985 - $1932 range. Yesterday's price action resulted in the third bearish Outside Day to be posted within this range. This clearly highlights the fact that rallies continue to attract strong selling pressure.
Looking at the weekly chart, we have bespoke support located at $1867 and $1865. With this being close to the 78.6% pullback level of $1859, we look for this zone ($1,867-1,859) to be the focus.
We have resistance today located at $1.961.