Gold is trading at $4,092, up 0.64% on the day after bouncing off the $4,065 zone.
The price sits above its 30-day average but well below January's all-time high of $5,600.
While gold has gained 22% in a year, it is still more than 25% below its peak from last year.
A neutral analysis suggests that the market is at a decision point, with traders searching for signs of whether gold will continue to rise or fall.
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