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Gold prices have recently experienced a decline but found support around the $2,483.40 mark, leading to a potential recovery. Positive stochastic indicators suggest a bullish trend could develop, aiming to test initial targets around $2,540.00.
For today, a bullish outlook is anticipated. A break above $2,500.00 would facilitate achieving the target, while a dip below $2,483.40 could lead to a retest of the bullish trend line near $2,455.00 before any further upward movement.
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The forecasted trading range for today is between $2,485.00 support and $2,520.00 resistance.
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Trend Forecast: Bullish
