Gold extends pullback from $1,733 towards intraday low. Downward sloping momentum line suggests further weakness but triangle formation will test the sellers. Bulls are less likely to enter below 200-SMA. Gold takes offers around $1,727, down 0.32% intraday, while heading into Monday’s European session. In doing so, the yellow metal stays inside a short-term falling triangle bullish chart pattern. Given the descending Momentum, 100-SMA around $1,725 can offer an intermediate halt during the fall targeting the triangle’s support line close to $1,722. However, any further downside past-$1,722 becomes less likely and the same may not refrain from challenging the $1,700 if broken. Alternatively, gold buyers will wait for a clear upside break of the stated triangle’s resistance line, at $1,735 by the press time, to confirm the bullish formation. While November 2020 lows near $1,765 could lure the bullion buyers past-$1,735, 200-SMA around $1,751 may offer an intermediate halt during the rise. To sum up, gold is weak but is near to the short-term supports and risks rebound. Gold four-hour chart Trend: Pullback expected  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Futures: Extra rangebound on the cards FX Street 1 year Gold extends pullback from $1,733 towards intraday low. Downward sloping momentum line suggests further weakness but triangle formation will test the sellers. Bulls are less likely to enter below 200-SMA. Gold takes offers around $1,727, down 0.32% intraday, while heading into Monday's European session. In doing so, the yellow metal stays inside a short-term falling triangle bullish chart pattern. Given the descending Momentum, 100-SMA around $1,725 can offer an intermediate halt during the fall targeting the triangle's support line close to $1,722. However, any further downside past-$1,722 becomes less likely and the same may not refrain from challenging the $1,700… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.