Gold recently reversed down with the daily reversal pattern Dark Cloud Cover from the resistance zone lying between the round resistance level 1800.00, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse wave from the end of January – which started the active medium-term ABC correction (4). Given the prevailing downtrend – Gold can be expected to fall further toward the next support level 1732.00 (former strong support from the middle