Gold at 1680, a decision level...

Despite having bounced strongly from the 1617 support level, Gold consolidates along the 1680 price level. As the price consolidates and fails to break higher, this signals the potential for a reversal.

A reversal in Gold could also be driven by a recovery in the strength of the DXY.

Look for the price to break below 1660 to indicate a downside potential, with the key support level at 1617.

Alternatively, if Gold trades higher to break above 1685, Gold could continue trading higher toward the next resistance level of 1725.