Gold is struggling after the FOMC minutes. Despite slightly dovish minutes, most of the members seem to agree to start tapering before the end of this year. 1790-1800 zone has been tested for 4 days now, but the uptrend formed in August broken and up moves began to falling short of the previous tops. Unless the 1790-1800 zone passed above, bearish pressures might increase as the time for Jackson Hole closing in. 1765 is the next major support level that may hold Gold before slipping more, but the momentum is changing fast for the bullion.
However, if gold can break the resistance zone, the price may sit on the 1790-1834 band once again.
