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Gold prices are currently exhibiting a slight bearish bias, influenced by overbought signals indicated by stochastic readings. The market is awaiting positive momentum to support a continuation of the upward trend toward the primary target of $2,745.00.
Overall, the bullish outlook remains valid for today, provided that prices do not break below $2,685.50 and sustain trading below this level.
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The expected trading range for today is between a support level of $2,695.00 and a resistance level of $2,730.00.
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Trend Forecast: Bullish
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