By Orbex
The precious metal is trading right near the 200-day MA for the second day in a row.
However, buyers are rejecting attempts to push the precious metal lower.
Depending on how prices close, we anticipate a rebound on the horizon.
To the upside, the resistance area near 1534 will be coming under first contact.
A breakout above this level will accelerate the gains to the 1569 handle.
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By Orbex
