XAU/USD intraday perspective: Downside pressure below 1737.41 We are seeing a medium-probability bearish scenario as price is facing bearish pressure from our resistance level at 1737.41, in line with our graphical swing high resistance, descending trend line and 100% fibonacci extension where we could see a reversal below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well, in line with our bearish bias. A break below our support level at 1708.64 could provide the bearish acceleration to our next support target at 1689.37. #GOLD #XAUUSD