Bulls pause ahead of attack at psychological $2000 barrier

Spot gold pulls back from new record high ($1981) on Tuesday as bulls take a breather and position for final attack at $2000 target.
Overbought daily studies already warned of correction, with more signals seen today as RSI and stochastic turned south and about to emerge from overbought territory.
Last week’s record run and Monday’s surge through former all-time high ($1920) showed strong bullish stance, as the yellow metal remains inflated by rising safe-haven demand over US-China tensions and mounting number of global coronavirus new infections.
The US Federal Reserve starts today its two-day policy meeting with expectations that the central bank will reiterate a dovish policy stance,  seen as another supportive factor for gold.
Profit-taking of the recent advance added to weaker tone today, but traders look  for better levels to re-enter bullish market.
Initial support at $1920 (former top) has been broken but pullback so far found footstep at $1910 (Fibo 38.2% of $1794/$1981 upleg), which marks solid support, together with round-figure $1900 level.
Pullback should be ideally contained here, but further extension lower cannot be ruled out.
Extended dips should not exceed $1866/60 (Fibo 61.8% / rising 10 DMA) to keep bulls intact.
Only break of these levels would soften near-term structure and allow for deeper correction.

Res: 1920; 1937; 1945; 1981
Sup: 1910; 1900; 1888; 1881