Gold slipped after the US dollar regained strength over upbeat nonfarm payrolls. The precious metal came under pressure near September’s high at 1730. As the RSI showed exhaustion, a combination of short-term profit-taking and fresh selling has kept the rally in check. A bullish breakout would force sellers out and attract momentum buyers instead, turning sentiment around. But for now, a drop below the round number at 1700 may send bullion to 1660 which is a critical support in keeping the rebound valid.
