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Gold prices are steadily advancing as they await a boost in momentum to drive the market towards the next significant target of $2,600.00. The bullish trend is reinforced by support from the 50-day Exponential Moving Average (EMA50). It is crucial for the price to remain above $2,548.50 to sustain the anticipated upward movement.
For today, the projected trading range is between a support level at $2,550.00 and a resistance level at $2,585.00.
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Trend Forecast: Bullish
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