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Gold prices have rebounded from recent declines, resuming positive trading and reinforcing expectations of a sustained bullish trend. The next key target is set at $2,540, and surpassing this level could pave the way for a rise towards the $2,600 barrier in the near term.
The stochastic indicator has reversed its negative momentum, suggesting that gold prices may continue to rise and reach the projected targets. For the bullish trend to remain intact, gold must maintain a level above $2,483.40.
Today’s anticipated trading range is between $2,500 support and $2,545 resistance.
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