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Yesterday ended on a positive note for gold prices, surpassing the $2325.90 mark and maintaining a position above it. This shift interrupted the downward correctional trend and indicated a resurgence in the overall bullish direction, aiming for gains between $2400.00 and $2431.44.
Consequently, today is expected to carry a bullish sentiment, backed by the EMA50, which is presently providing support from below. It's crucial to highlight that any drop below $2325.90 could negate the projected uptrend, potentially triggering a decline.
Expected Trend
Today's expected trading range spans from the support level at 2335.00 to the resistance level at 2375.00.
The expected trend for today is bullish.
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