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Gold price is currently hovering around the $2325.90 mark, maintaining its position below this resistance level. Stochastic indicators suggest a negative outlook, signaling a potential continuation of the anticipated bearish trend in the short term, with a target set at $2260.60 as the next significant support level.
Sustaining the price below $2325.90 is crucial for the expected downward movement. However, a breach of this level could disrupt the corrective bearish scenario, potentially prompting the price to attempt a return to the main bullish trend.
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For today’s trading, the expected range is as follows:
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- Support: $2295.00
- Resistance: $2335.00
Overall, the trend forecast remains bearish, reflecting the current market sentiment and technical indicators.
