Gold Prices Cling to the 1911 Price Level

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The precious metal is making attempts to recover following Monday’s muted close.

There is no clear trend emerging in the medium term. As a result, prices are back re-testing the 1911.50 level once again.

The continued consolidation near this area could see a possible big move.

The bias remains mixed for the moment. A close above 1911 could open the way for a move to the next key level near 1967.

To the downside, the 1850 level remains the immediate support area that can be tested.

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