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Gold prices continue their upward trajectory, nearing the anticipated target of $2,745. Analysts suggest that the market appears poised for further gains in both the short and medium term, with the next key target set at around $2,765.
The bullish trend remains intact, supported by the EMA50 indicator, which continues to facilitate price increases. However, a break below the $2,700 mark could trigger a temporary bearish correction before the prices resume their upward movement.
Today’s expected trading range is forecasted between a support level of $2,715 and a resistance level of $2,750.
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