Gold price is resuming its Fed-induced downside, as US dollar keeps its bullish move. XAUUSD tested 4H resistance near $1670 and failed to break. It is eyeing October lows at $1617. A break would open a way to $1606 - $1600 demand zone. A breach of the latter will send XAU sliding towards March 2020 lows near 1567, followed by the $1500 figure. First resistance is seen at the previous day’s low at $1638 and next one near $1650. Gold will be testing the support the 3rd since it started on September 28 and this time, we may get a break and move towards $1606 and possibly lower. Please support our work with like and comment, thank you.