Gold consolidating recent gains near highs ...Middle East

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Gold consolidating recent gains near highs
Gold has been consolidating in up and down trading this week. The high price was reached on Tuesday at $2673.14. That was just above the all-time high close was reached last Thursday at $2672.03. The low price this week was reached on Monday at $2624.82. The current prices trading at $2657.96.Looking at the hourly chart, the pair is consolidating between trendlines. The downward sloping trendline from recent highs cuts across at $2663.19. The lower upward sloping trendline cuts across at $2638.47.In between the two trendlines are the 100 and 200-hour moving averages which come in at $2650.69 and $2652.00. Traders are waiting for the next shove. The price is still near all-time highs. Looking

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