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Gold prices are experiencing notable upward momentum, reinforcing expectations for a continued bullish trend throughout the day. Market indicators suggest a strong possibility of reaching the primary target of $2600, bolstered by positive stochastic readings.
If gold successfully breaches this level, it could rally further toward the next target of $2630.
Overall, the outlook for today’s trading remains optimistic, provided prices stay above the critical support level of $2550. A drop below this threshold could alter the current bullish sentiment.
Today’s anticipated trading range is between the support level of $2550 and the resistance level of $2590.
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