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Gold prices have successfully breached the $2,500 level, reinforcing expectations for a continued bullish trend. The next major target is set at $2,540.
While current stochastic indicators suggest potential temporary fluctuations, the overall bullish trend is expected to resume. A drop below $2,500 could halt the anticipated rise and prompt a test of the key support level at $2,483.40 before any further attempts to climb.
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The anticipated trading range for today is between $2,490 support and $2,525 resistance.
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Trend Forecast: Bullish
