Gold prices pulled back after posting a fresh seven-year high.
But a day after the retracement, gold is back to testing the previous levels.
As a result, an interim support level is formed within the 1712 and 1700 levels.
As long as price remains above this level we expect the possibility of further gains.
However, on the four-hour chart, we see a lower pivot high forming that could suggest a move lower.
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