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Gold prices continued to stay around the $1,900-per-ounce support level, closing the week at $1,906.40 per ounce.
Gold broke out of its price consolidation pattern last week. However, instead of continuing the previous uptrend, it closed down for the week at $1,866.30 per ounce, testing the previous low of the formation set back in August.
Gold moved up toward the top of its current trading range last week, building support within the current bull market. It closed the week at $1,753 per ounce.