Gold is spiking up breaking several resistance levels. As the buyers are being relentless, XAU/USD is about to challenge the 1648.36 resistance. A break above the above-mentioned level is likely to lead to further gains towards the 1660.00 and 1675.00 resistance levels. On the flip side, the retracement down might find support near the 1636.40, 1632.98 and 1627.85, according to the Technical Confluences Indicator.


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