Forex Trading Library

XAUUSD consolidates as resistance holds

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Gold prices are trading rather mixed on the day.

Price action is strongly consolidating near the price level of 1712.50.

For the moment, the resistance level is holding up.

This could confirm the downside in prices. The minor resistance level is at 1691.76.

A break down below this level will confirm a move lower to the 1671.95.

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