Gold consolidates near 1,870.00

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Source: Dukascopy Bank SA


The price for gold appears to be consolidating between two zones. The price has been between 1,860.00 and 1,880.00 since the Friday's fundamental drop, which was caused by the US monthly employment data.

A move above 1,880.00 is expected to encounter resistance in the 1,900.00 mark, before the metal reached January high levels.

On the other hand, a decline of the commodity below 1,860.00 might find support in the 1,850.00 level.
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