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Gold Price Holds Steady in Narrow Range – Outlook for July 5, 2024

by Daisy

The price of gold has maintained its stability, hovering around $2360.00 since yesterday, showing minimal movement. Analysts continue to anticipate a bullish trend throughout the day, with the next significant target set at $2400.00. The EMA50 indicator reinforces this upward momentum, maintaining its relevance as long as the price remains above $2340.10.

Expected trading activities suggest a range-bound scenario, with support identified at $2345.00 and resistance at $2380.00.

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This consistent performance underscores market expectations and technical indicators supporting potential upward movement in gold prices.

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