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Gold prices rose over 0.8% on Friday but prices stalled near previous highs of 1733.0.
While this is a minor resistance level, the gains could push price action closer to the next main resistance level of 1747.00.
Only a convincing breakout above this level will trigger further rallies in the precious metal.
To the downside, there is scope of a pullback as the 1717 handle remains within sight.
A breakdown off this level might trigger a move lower to the 1696 level that was only briefly tested.
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