Gold technical analysis: The yellow metal is now testing the $1458.23 support zone

• There has been some outflows away from safe-haven assets today gold is 0.62% lower.
• The precious metal is testing the USD 1458.23 support level at the moment.

Gold Daily Chart

Gold has had a very hard time over the last four sessions losing around 3.4% of its value.

The chart is now showing that the key support zone of USD 1458.23 per ounce might get broken to the downside.

There has been a pattern of lower highs but the support zone has always been intact.

Now if there is a break it could confirm the technically bearish tone. 

On the weekly charts, the next prominent support level is USD 1375.12 per ounce.

Additional Levels