Gold price is turning lower as Dollar strengthens. Gold price remains inside the trading range we have been talking about and has given no clear signal as price is trading sideways. Gold price however has shown weakness breaking above $1,420 that is why it is vulnerable to see $1,400 or lower again.
Red rectangle - support
Gold price is still inside the trading range of $1,385-$1,440. Resistance is also found at $1,420 and as long as price is below that area, I expect Gold to be under pressure and push price towards $1,400 or lower. Breaking above $1,420 will increase the chances of breaking above $1,440 and moving towards $1,500. Until then we should expect a move to $1,400 and why not break the major support level at $1,385. This will lead to a deeper decline towards $1,350-$1,330.