Gold is sliding due to heightened fears of a prolonged Middle East conflict and increased US dollar strength.
Technical analysis confirms a structural shift to bearish on the H4 chart, breaking key support levels.
Bulls' ultimate "line in the sand" is the major psychological support at $4,500, with the short-term outlook remaining bearish while the price stays below the $4,601-4,615 resistance zone.
nopparit/E+ via Getty Images
By Zain Vawda
Gold (XAUUSD:CUR) prices fell in early European trade today as markets saw fears rise of a prolonged Middle East conflict. This comes at a time when major central banks, including the Federal Reserve, ECB
