The price of gold has recently dipped below critical support levels, particularly falling beneath the 50-day moving average. This downturn aligns with a strengthening dollar and hawkish sentiments from the Federal Reserve. Traders are directing their attention to significant price forecast zones at $3,244 and $3,136 for future movements. The relationship between the dollar’s performance and gold remains closely interlinked, with every fluctuation in greenback strength likely impacting the precious metal’s value. As we proceed, market participants must remain vigilant in analyzing economic indicators alongside price action for informed trading decisions.