7
Gold prices continue their positive momentum, with stochastic indicators reaching overbought conditions, which may lead to a bearish reversal and a continuation of the anticipated decline. The primary target remains at $2,483.40.
The bearish outlook will persist unless the price exceeds $2,526.00, which would trigger further upward movement and potentially new historical highs.
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Today’s expected trading range is between $2,490.00 and $2,526.00.
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Trend Forecast: Bearish
