Gold seesawed between tepid gains/minor losses through the mid-European session.
The set-up supports prospects for the emergence of some dip-buying and favours bulls.
Gold extended its two-way/directionless trading action for the second consecutive session on Tuesday and remained confined in a $20 trading range around the $1700 mark.
Bulls have been repeatedly failed to build on the attempted intraday positive move beyond 200-hour SMA, while the downside remained limited near the $1690 support area


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