Gold was down on Tuesday morning in Asia but remained above the $1,800 mark. The dollar weakened and investors increased bets that the U.S. Federal Reserve will delay beginning asset tapering.
The failed test around the 1834.0 resistance is triggering a return to short term bear trending action. Selloffs after the close has the market poised for declines today and close under 1811.0 implies a bear wave to 1801.0 - 1777.0. Any corrective congestion capped under 1830.0 should bear flag a setup for selloffs.