Gold prices are trading steadily near the resistance level of 1655.

At the time of writing, gold is trading near the minor trend line.

To confirm the downside, a breakout from this level is required.

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The lower support at 1594 – 1600 looks like the most likely target if prices breakdown lower.

In the event of a breakout above 1655, gold prices could rise toward the 1700 level.


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