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Gold prices have neared a historical peak of $2483.40, falling just short of the anticipated target. Recent trends indicate a potential decline, as negative trading signals emerge and stochastic indicators show a bearish outlook.
For today, a bearish trend is anticipated. A drop below $2450.00 could signal a continued decrease, with a primary target at $2405.00. Conversely, surpassing $2483.40 would halt the downward momentum, potentially driving prices back towards the bullish trajectory, aiming for the $2500.00 mark.
The expected trading range for today is between $2440.00 as support and $2480.00 as resistance.
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