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Gold prices fell to $2,560.00 yesterday, but today’s trading begins with a bullish outlook, indicating a potential resumption of the primary upward trend. The overall positive market sentiment remains intact, with the next key target set at $2,600.00.
Stochastic indicators are providing positive signals that support expectations for a price increase. However, if the price breaks below $2,565.00, it could halt the bullish momentum, potentially leading to a decline towards the $2,530.00 range before any renewed upward movement.
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Today’s anticipated trading range is between $2,560.00 as support and $2,600.00 as resistance.
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Trend Forecast: Bullish
