The precious metal is trading stronger on Monday, with gains driven by a weaker USD and the Fed meeting.

Price action is a few points away from the 1967 level which held up as resistance earlier on.

A breakout above this level could give way to further gains, with the next challenge near the 2000 handle.

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To the downside, prices are well supported near the 1911.50 region.

The confluence of the trend line and the horizontal resistance could, however, pose a challenge for gold prices in the short term.

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