Gold Price Surges Above $2405, Eyes Further Gains

Gold prices have confirmed a break above the $2405 level, closing the daily candlestick above this mark. This reinforces expectations of a bullish trend on an intraday basis, with potential targets of $2450 and $2483.40. However, current stochastic negativity may cause temporary sideways movement before resuming an upward trajectory. A drop below $2396.50 could reverse the bullish trend and lead to a decline.

Today’s anticipated trading range is between $2400 (support) and $2445 (resistance).

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