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Gold prices have settled around the $2,427 mark, with stochastic indicators showing attempts to overcome their negative momentum. The ultimate goal is to find positive momentum to potentially drive prices higher and resume the main bullish trend. The next resistance targets are set at $2,450, followed by $2,483.40.
Currently, trading above the 50-day EMA supports a positive outlook. However, if prices fall below $2,398, this could negate the bullish trend and lead to a bearish correction, with potential support at $2,324.55.
For today, the anticipated trading range is between a support level of $2,410 and a resistance level of $2,450.
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