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Gold Prices Continue To Consolidate Near Highs

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The recent reversal in gold prices has pushed the precious metal close to the previous highs.

Price action reversed direction, just a few points above the technical support of 1700.00.

For the moment, price action is testing the price level of 1724.62.

A close above this level could potentially push gold prices to the next key target of 1747.00. We expect the consolidation to continue overall in the near term.

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Source: https://www.orbex.com/blog/en/2020/06/gold-prices-continue-to-consolidate-near-highs
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