Gold prices continue to fluctuate within a narrow range, constrained by key levels of support and resistance. Currently, the support level is set at $2,483.40, while resistance stands at $2,500.00. This range defines the current market trend, leading analysts to maintain a neutral stance until the price decisively breaks through either boundary.
A breach of the resistance level could initiate a bullish trend, potentially driving prices towards a target of $2,540.00. Conversely, a fall below the support level would subject gold to increased negative pressure, with a possible decline toward the main bullish trend line, currently at $2,448.00.
For today, the anticipated trading range for gold is between $2,475.00 on the support side and $2,520.00 on the resistance side.
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