The gold price is trading above the strong support level surrounding $1,793, which contains Fibonacci 23.6% on a daily basis and 38.2% on a weekly basis, as well as the 100-SMA on 4H and the 10-HMA.
If the XAU/USD price falls below the $1,793 support level, the previous monthly high near $1,788 could test the bears.
Following that, Fibonacci 23.6% on the weekly and the middle band of the Bollinger on the 1D, both around $1,785, could act as additional downside filters.
It is worth mentioning that if the gold price falls below $1,785, it will quickly go back to the previous weekly low near $1,775.
On the other hand, a convergence of the Fibonacci 38.2% on daily and 200-HMA might put gold buyers under pressure near $1,800.
The Fibonacci 61.8% on Close to $1,808 is the daily and middle band of the Bollinger on 4H, as well as the Pivot Point one-day R1.
