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Gold prices exhibited significant negativity earlier, nearing the 1945.20 level. However, a notable recovery has since taken place, with the price hovering around 1977.25. This resurgence suggests that the prospects remain favorable for a continuation of the bullish trend, targeting the next level at 2016.90.
It’s important to keep in mind that the inability to breach the 1977.25 mark could reintroduce negative pressure on the price. Thus, the upcoming sessions will be crucial in determining whether the bullish momentum can be sustained in the gold market.
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