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Gold prices have maintained a steady course around $2360, showing minimal fluctuations since yesterday. Analysts remain optimistic about a potential bullish trend on an intraday basis, with the next significant target set at $2400. The EMA50 indicator continues to bolster this upward trajectory, reaffirming its validity as long as prices remain above $2340.10.
Projected Trading Range
Traders are advised to watch the range between $2345.00, acting as support, and $2380.00, marking a crucial resistance level. This range is expected to guide market movements in the near term.
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Gold Price Analysis: Bullish Momentum Expected to Continue