Gold prices showed clear positive movement yesterday, reaching the $2725.00 level, reinforcing expectations of continued bullish momentum in the coming sessions. The next target remains at $2745.00, and a breakout above this level could open the path toward the recently achieved historical high of $2790.00.
However, the negative signal from the Stochastic indicator may pose a challenge to further price rallies. A break below the $2670.00 level would halt the bullish trend and could trigger a decline in gold prices.
The expected trading range for today is between support at $2690.00 and resistance at $2730.00.
Trend forecast: Bullish
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