Gold Price Outlook â A Support Break Sets Up More Selling 2021-02-19 20:00:00 Paul Robinson, Strategist Gold Price Technical Outlook: A breakdown will have lower side of bull-flag in play Advertisement Gold may take another leg lower soon Gold has been weak of late with it paying no attention to the USD, it is the flows into BTC that seem to be stealing gold’s thunder. A theme that has been in play and may stay in play for a while longer. There is big support in the current vicinity from all the way back in 2011, with the low in November holding it on a weekly closing basis.