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The precious metal is quite bullish resuming its strong uptrend. Following days of consolidation, the precious metal surged ahead, logging four consecutive sessions of gains.

While price has broken past the 1850 level, it is still shy of the all-time highs of 1920.80.

In the near term, support could likely form at the 1850 handle in case of a pullback.

A strong breakout from the rising price channel will potentially suggest the bullish continuation.

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