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Today, the price of gold exhibits a modest bearish trend, testing the critical barrier of $2400.00. Sustaining above this level is crucial to maintain the current bullish momentum. However, a breach below could invite further downward pressure, potentially targeting $2340.10.
As of now, the optimistic outlook remains valid for the day, contingent upon the price holding above $2400.00. It is important to note that our subsequent target stands at $2450.00.
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The anticipated trading range for today is projected between a support level of $2395.00 and a resistance level of $2435.00.
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Trend Forecast: Bullish
