Gold is higher on the day as the US dollar falls away while XAUUSD trading near $1712, reaching the high of $1716.89 today. Gold bulls are pushing towards the key resistance area $1730. There is still some way to go up and US CPI will influence the direction on Thursday. In case the US Dollar breaks below the trendline, then gold has the potential to move higher. The key support levels lie at $1672, ahead of the November 8 daily low at $1664 and the $1650 figure.
We expect Gold to move towards $1725 - $1730 and get a possible pullback from the supply zone. Please support our work with like and comment, thank you.
We expect Gold to move towards $1725 - $1730 and get a possible pullback from the supply zone. Please support our work with like and comment, thank you.