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Gold prices have stabilized around $2,510 following a strong upward trend in recent sessions. The market has shown some sideways movement due to stochastic negativity but is poised to gain positive momentum. This momentum is anticipated to drive prices higher, with the next key target set at $2,540.
Despite the overall bullish outlook, a break below the $2,492 and $2,483 levels could halt the current upward trajectory. Such a decline may trigger a short-term bearish correction.
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For today, the forecasted trading range for gold is between $2,495 on the support side and $2,535 on the resistance side.
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Trend Forecast: Bullish
