Gold Prices Pause After Setting Record Highs

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The precious metal is trading on a softer note on Monday.

Robust economic data has sparked optimism in the Eurozone economy.

After rising to highs of 1984.86, price action is trading a few points lower.

While the trend line is breached, it is still too early to confirm if price will continue to push lower.

For now, a soft support area is near the 1950 handle. A break down below this level might, however, suggest a sharper correction to come.

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