The Fed cuts interest rates, why did the gold price rise and then fall back?

Industrial and Commercial Bank of China precious metals trader Huang Tianheng said that the short-term fluctuations in gold prices, and the future upward trend will continue. The lack of sufficient evidence for a reversal in the US dollar index is providing crucial support for gold prices. The resistance levels for gold in London are between $3677 and $3700, with short-term support levels between $3610 and $3570.