Gold Retests Support at 2320-2325 with Dollar Strength

With the strengthening of the dollar, the yellow metal retested the major support level around the 2320-2325 range. If this range is breached, the first level to monitor would be the 2308-2300 range. If this level is also broken, the 2280 major support level may come into play. However, in the event of positive news flow from the United States, prompting an upward movement in prices, the first major resistance above 2355 would be the 2370-2375 range. The third level to watch above this range would be 2395.