Gold fell sharply on Friday and is currently
trading at $2,294 per ounce, down $84 from the
day before, and it doesn't seem to be
recovering

U.S. job numbers Stronger-than-expected,
which dashed prospects for a rate decrease
this year, were the main cause of this decline.
This week, gold has lost almost 1% of its value,
which is its third straight week of losses. The job
report added to the bearish sentiment,
Buyers attempted to breach the strong
resistance at 2400, but the price was once
more rejected from this level and rebounded to
the support. Many indicators point to a long-
term bear market in gold.

The price broke through the 2320 support level,
which has historically seen a lot of price
rejection. I anticipated a pullback in gold to the
support and another downturn.