Gold- Start of correction to 1720 zone?

As I draw attention two days ago, Gold could correct lower, and also yesterday I said that, in my opinion, there is more room for a down move than for an up one and rallies should be sold in anticipation.
Indeed, after multiple attempts of breaking above 1780, Gold has finally started to roll down and now is trading near 1760.
Looking at the posted chart we can see that the price has broken under horizontal support of 1770 which is confluent with the rising trend line drawn from the 11th low.
At this point, 1785 could be considered the ceiling for now and sell trades are favored.
On the downside, bears can target 1753, 1745, and the important 1720 zone.
Negation comes with a clear break above the recent high.
The recommended strategy remains sell rallies with a focus on R:R.

Best of luck!
Mihai Iacob