Gold Holds Steady Above 1850

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The precious metal is steady after prices rose above the 1850 handle earlier this week. Gold held ground despite the US dollar rising slightly on the day.

For the moment, prices are drifting just above the 1850 level. But support needs to form at this level in order for further gains to continue.

To the upside, the 1911 – 1900 levels are likely to hold up as resistance.

We could expect price action to remain steady within these levels for the moment.

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