For the fourth day already, the price of gold is moving sideways in the $1730-1750 range. This morning the price went down at one point to $1723 but quickly returned to the $1739 level. Today’s movement is relatively calm, and most days, it takes place between $1720-1730. Bearish pressure is still evident; if the dollar’s strengthening continues, a gold price fall is expected. We need a drop below $1720 and a continuation of negative consolidation for a bearish option. Potential lower targets are $1710 and $1700 levels. And the bullish option, we need growth above the $1740 level. Further continuation of positive ... (full story)