Gold prices continue to consolidate near highs
![xauusd](https://assets.iorbex.com/blog/wp-content/uploads/2020/06/17225159/XAUUSD-1606-750x430.png)
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.