Gold is under big pressure due to the strong dollar, and the price could fall below the $1,730 support zone. A price break below the support zone could take us to $1655, the next support zone.
The inability of the gold price to break through the 38.2% Fibonacci level is a sign of a strong bearish trend.
The inability of the gold price to break through the 38.2% Fibonacci level is a sign of a strong bearish trend.
