Gold hit by strong dollar

FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov observes that the strength of the dollar is weighing on gold again, which reached the support area at 1254.

Key quotes

"If we don't see any EUR recovery soon, the golddownside may continue beyond 1250."

"Upside is limited by 1273 resistance."

"For now indicators on most time frames are bearish."