Gold Retests 1900 Price Level

The precious metal made up for the losses from Tuesday as price action settled back above the 1900 level once again.

The price area between 1911.50 and 1900 shows a strong pullback, putting price action moving in a sideways range.

However, the current pullback is showing signs of weakening.

Therefore, gold prices could be setting up for a potential move back lower.

A close below the current lows of 1882.27 will confirm further downside.

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