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Gold prices surged in recent intraday trading, achieving new historical highs and reaching the target of $3,375. The price is now attempting to breach this level, supported by strong positive momentum on the Relative Strength Index (RSI). The sharp bullish trend is further reinforced by the price trading alongside a minor upward trend line on the short term.
This move is part of a broader strong bullish trend, with key indicators, particularly the price trading above the 50-period Exponential Moving Average (EMA50), suggesting the likelihood of continued upward movement.
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