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The precious metal closed last week on a flat note near 1774.66.

The appearance of the Doji pattern near the nine-year highs suggests a possible pullback.

However, there is scope for price action to continue to churn higher. The 1800 price target remains within reach. Watch how price action unfolds over the week.

A bearish close below the doji’s low of 1757.40 could signal a correction could be underway.

This will build up the downside bias toward the 1732.65 level price target.

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