Gold Edges Down to 1850 Support

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The precious metal is seen retesting the support level of 1850 once again.

This comes as prices barely rose close to the 1880 level before giving back the gains. The market sentiment remains mixed leading to the rather flat price action for the moment.

However, the 1850 level will be critical. If gold prices lose this handle, then we could expect further declines to the 1800 level once again.

This would come as gold prices will likely test the 1817.80 level to the downside.

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