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Gold prices have stabilized around the $2,515.00 level this morning, awaiting the accumulation of positive momentum to support a continuation of the anticipated bullish trend. The primary target for this upward movement is $2,540.00.
Support for the bullish outlook is provided by the price remaining above the EMA50. The upward trend is expected to remain valid as long as gold prices hold above the $2,500.00 level.
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Today’s projected trading range is between $2,500.00 and $2,540.00.
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Trend Forecast: Bullish
