FX.co ★ Gold price breaks short-term support.

Gold price today broke below $1,790 short-term support. Gold price got rejected at resistance yesterday. Gold price is moving lower and today's price action if not reversed soon, will imply more downside to come for Gold price.

Blue line - resistance

Gold price today broke below the red support horizontal trend line. Next support is at $1,750. Bulls still have hopes as long as price is above $1,750 but for now the control of the short-term trend is in the hands of bears. A daily close above $1,805 would be the first sign of strength bulls will need to see, otherwise price will remain vulnerable to the downside.