Gold Prices Slide After Testing 1800
The precious metal gave up nearly half the gains from the previous day.
After rising briefly above the 1800 level, gold prices are down about 0.5% on Thursday.
Currently, price action is challenging the 1800 level. Given the psychological importance of this level, we could see some consolidation taking place.
A close below 1800 could accelerate the declines down to the 1786 level where support could be established.
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