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Gold prices are currently showing positive movement, testing the EMA50, supported by stochastic indicators. However, as long as the price remains below $2667.00, the bearish outlook remains intact for today. The initial target for the downside is $2600.00. A break above $2667.00, however, would invalidate the bearish scenario and signal a potential return to the main bullish trend.
The expected trading range for today is between support at $2610.00 and resistance at $2645.00.
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Trend Forecast: Bearish
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