Gold prices have shown a noticeable upward bounce after testing the main bullish trend line on the chart. This movement is supported by positive signals from stochastic indicators, which suggest that prices may continue to rise in the coming sessions. The immediate target for gold is set at $2,450, with a further objective at $2,483.40 as subsequent positive levels.
Today’s outlook favors a bullish trend, with the expectation of continued upward movement. However, it is crucial to note that a break below $2,386 would negate the current bullish momentum, potentially leading to a decline and testing the support level at $2,324.55 before any new upward attempts.
For today, the anticipated trading range for gold is between a support level of $2,390 and a resistance level of $2,435.
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