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The precious metal is holding on to its bullish momentum since Friday. Price action is back to testing the resistance level near 1967.

Price action briefly tested this level on Thursday before being rejected near the 1967 handle.

A strong close above this level will potentially validate further gains toward 2024 region.

However, if prices remain consolidated near this level, we could expect a move lower.

The previous swing low at 1911 could act a short term support level to the downside.

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