Gold Prices Rise 1%, Breaking Past 1850

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The precious metal is posting a strong recovery as price action zoomed past the 1850 handle.

The gains come after gold prices managed to settle comfortably above the key price level of 1818.80.

With the 1850 level giving way to further gains, gold prices could continue higher.

The next key level of interest is the 1911.50. But prices could likely test this level if there is some support forming near the current levels.

This could mean that gold prices might retrace back to the 1817.80 or the 1850 levels.

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