Based on the chart and information you provided, gold prices are under downward pressure due to the continued rise in the USD and the US bond yield rising to 4.25%, which has limited the flow of investment capital into the precious metal. On the chart, after hitting the resistance level around $2,757, gold prices reversed and fell below $2,720.
Currently, gold prices are likely to continue to correct to the support zone around $2,700. If this support zone fails to hold, the price is likely to continue to fall further. However, if the price holds above the support level, there may be a recovery and retest the resistance zone of $2,750-2,760.