Gold price on Thursday (22/7) has the opportunity to get pressure towards support at U$1,790 per troy ounce and potential resistance in the range of US$1815 per troy ounce.

Commodity Observer Ariston Tjendra said that the downward pressure on gold prices was due to improved market sentiment towards risk.

"The global stock index looks to be strengthening. The market has positive expectations for the company's future performance," he said in Jakarta.

Meanwhile, tonight's US weekly jobless claim data, and the results of the European Central Bank-ECB monetary policy meeting could be the driving force for gold prices.

The reduced claims data could depress the price of gold, as a result, supports the tightening of US monetary policy.