Gold price is fading the rebound to $1720 but holds above the $1700 mark. Currently trading $1706. The US Dollar moves higher, but a weak CPI print could revive the downside. Gold is consolidating before possible move higher, depending on the CPI release. XAUUSD is facing resistance at $1710 - $1713. On the downside $1703 - $1700 mark could offer strong support before $1683.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.