Gold down $15 to $1729 today
![Gold down $15 to $1729 today](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2021/04/gold-backs-off-further-from-the-mid-march-high-as-the-worries-mount.png)
Gold challenged the mid-March high on Thursday/Friday but was rejected. I characterized the level as pivotal and with today’s continued decline, the outlooks continues to worsen.
Gold is down $15 to $1729 today and has cut through the lows from the latter half of next week. Last Monday’s low of $1721 is the last decent support level protecting a quick return to the March lows and potentially beyond.