PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Gold struggles to gain any meaningful traction on Thursday and currently around $1662 amid modest US dollar strength. From a technical perspective, first resistance comes at $1675 followed by the $1680 supply zone, which if cleared would allow Gold to move to $1700. The main support lies at $1650. The next cushion is seen at Tuesday’s low of $1638. We expect Gold to test the demand zone and move up from it. If Xausd falls below $1650 the $1640 zone could be tested. Please support our work with like and comment, thank you!

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