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The precious metal continues on with its consolidation.

Price action has been trading close to the 1724 level showing no signs of giving up.

This comes amid lack of any fresh fundamentals. As a result, gold prices remain caught in a flux for the moment.

The upside remains limited unless we see a breakout above 1747.

The Stochastics oscillator is dipping lower which could suggest a move to the lower support area of 1700.

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