Gold under the bearish pressure after the price reversed down from the resistance zone located between the major resistance level 1830.00 (which has been reversing the price from the middle of July), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward price move from June. The downward reversal from this resistance zone stopped the previous wave (D). Given the strength of the aforementioned resistance zone, Gold can be expected to fall further toward the next support level 1808.00 (former resistance from the middle of August).