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Gold price resurgence continues today, edging closer to the anticipated extended target of $2300.00. Maintaining momentum within a bullish channel enhances the prospects for further gains over the long term. The next significant milestone is projected to reach $2320.00. The bullish trend remains robust and active, buoyed by the EMA50 indicator.
A break below $2260.00 could temporarily impede the bullish rally, potentially leading to a test of support around the $2205.70 mark before a renewed upward move.
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Expected Trading Range for Today:
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- Support: $2270.00
- Resistance: $2305.00
Trend Forecast: Bullish
