Gold Rally Losing Steam?

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The precious metal is giving back some of the gains after price rose toward the 2020 region on Tuesday.

The gains come after gold prices managed to clear the 1967.12 level of support.

However, to the upside, the next key resistance level is in the 2024.77 region.

A breakout above this level could keep price action supported to test the previous highs.

For the moment, we expect gold to remain steady within the 2024 and 1967 levels.

A breakout from this range will potentially determine the next leg of the trend.

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