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Gold Price Analysis: Stability Maintained Below $2325.90 Level

by Daisy

Gold price settled at $2325.90, maintaining its stability below this crucial level, signaling potential negative movements. Stochastic indicators are clear in their indication of a possible resumption of the expected bearish trend on an intraday basis, with a target set at $2260.60 as the next significant station.

For the expected decline to sustain, it’s crucial for the price to remain below $2325.90. However, breaching this level would halt the correctional bearish scenario and might prompt the price to endeavor to reclaim the primary bullish trend.

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Today’s anticipated trading range is as follows:

Support: $2295.00

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Resistance: $2335.00

Trend Forecast:

Bearish

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