GOLD Weekly Technical Analysis Update

Midterm forecast:
While the price is below the resistance 1818.00, beginning of downtrend is expected.
We make sure when the support at 1660.25 breaks.
If the resistance at 1818.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 1802.55, 1779.25, 1765.05 and minimum to Major Support (1660.25) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 67.