Gold holds consolidation range to start July trading ...Middle East

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After a brief attempt to hold a firm break above $2,400 in May, gold has settled down to rest in more of a consolidation range since. The technical writing on the wall was a forming head-and-shoulders pattern. But the current shoulder formation is one that is still playing out a fair bit.So, what's next for gold?The situation is still very much the same as what was highlighted two weeks ago here.It's about being wary of the prospects for the head-and-shoulders pattern to play out. And that has the potential to eye a move towards $2,100 or at least the 200-day moving average (blue line) at $2,125 currently.But in the bigger picture, the bullish undertones still remain. Major central banks are

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