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The precious metal rose intraday to briefly tested the resistance level near 1967.13.

However, price action was quickly rejected, pushing gold prices lower as a result.

For the moment, price action is still trading well above the minor support level near 1900. But a break down below this level could send price action lower.

Below 1900, the next key level will be the 1881 level which held up as support on an earlier retest.

Only a strong break down below this level could potentially signal further declines for gold prices.

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