GOLD 1H Heading to S1 1794

Gold has shown consolidation at 1800 during last few days however the technicals are favoring a downward trend, most importantly the S1 at 1794. In my humble opinion, bears will be in power this time and may take it to further deep at 1785-1780, a level which buyers are eyeing on. Some important fundamentals are due today and may alter the metal price accordingly. Keep an eye! :)