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Gold prices have once again approached the $2,685.50 level, which continues to act as a strong resistance. As long as prices remain below this threshold, the bearish scenario is expected to persist in the near term, with subsequent targets at $2,660.00 and $2,635.06. Additionally, the negative reading on the stochastic indicator further supports the expectation of a decline.
The anticipated trading range for today is between a support level of $2,660.00 and a resistance level of $2,695.00.
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Trend Forecast: Bearish
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