Gold prices have been fluctuating around the $2615.00 mark since this morning, as the market awaits negative momentum to resume the expected bearish trend for today. The next key target for gold is $2555.00, supported by the 50-period EMA, which reinforces the downward bias. This bearish outlook will remain valid unless the price breaches $2655.00 and holds above that level.
The expected trading range for today is between $2585.00 as support and $2630.00 as resistance.
Trend Outlook: Bearish
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