The precious metal is trading weaker and is likely to regain the bearish momentum.
Following the sharp declines on Monday, gold attempted a rebound failed.
This led to a lower high with prices pulling back once again.
As a result, the 1850 level of support will be back into focus.
As long as this support holds, gold prices could trade flat. But the risk of a break down below this level increases.
A close below 1850 handle will see prices falling to test the 1817.80 level of support next.
The upside bias remains weak for the moment.