A deep retracement will occur in Gold XAUUSD?

Spot gold may bounce towards 1949-1960, price now 1927. While a break above 1960 may lead to a gain to 1979.

On the daily chart, the big black candle on Monday and the break below 1960 strongly suggest a further drop to 1925. A break below 1925 could open the way towards 1890.

=====

Gold XAUUSD Weekly Level

R3 2152.54
R2 2111.42
R1 2041.04

Pivot 1999.92

S1 1929.55
S2 1888.42
S3 1818.05