{chart} Gold prices breakout and close below the daily SMA 200. The precious metal continues losing its value against the U.S dollar as the U.S dollar index maintains bullish pressure. If there is no change to the bearish situation then gold prices will test the $1,780 – $1,800 area. Traders will monitor the price reaction near the area. We think a flash crash below the area might happen to clear weak long hands. If the price could print a major bullish reversal pattern then we might see the start of upward movement. Today critical levels to watch: Support: $1,800, $1,780 Resistance: $1,850, $1,900, $1,953 Silver ... (full story)