Gold prices fell yesterday, reaching a level of $2,560.00. However, the market opened today with a bullish outlook, suggesting a potential resumption of the overall upward trend. Analysts maintain a positive scenario for the near future, with the next significant target set at $2,600.00.
Supporting this optimistic view, stochastic indicators are generating positive signals that bolster expectations for a rise in prices. However, it is important to note that if prices fall below $2,565.00, the bullish trend may be interrupted, potentially leading to a drop to the $2,530.00 range before any subsequent recovery attempts.
Today’s anticipated trading range is projected to be between a support level of $2,560.00 and a resistance level of $2,600.00.
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