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Gold Price Affirms Breakthrough

by Jennifer

Closing yesterday’s session above the 1913.15 level, gold price has concretely signaled the pathway for a sustained bullish momentum, propelling it forward to achieve fresh constructive targets beginning at 1929.00 and extending to 1945.20.

As a result, the prevailing scenario of a bullish trend remains firmly intact and operational, with bolstering support emanating from the EMA50 situated beneath the price action. It is essential to recognize that a breach of the 1913.15 level would effectively curtail the anticipated upward trajectory, potentially leading to a reversion in price direction.

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In the current scope, the projected trading range for today is poised to range between the support level at 1905.00 and the resistance level at 1940.00.

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Projected trend for today: Bullish

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