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Gold prices stepped lower in early trading today, while leaning on the support of the 50-day SMA, with negative signals from the RSI while trying to gather momentum to rise anew, as it trades alongside the main upward medium-term trend line.
So we Prediect the stock to return higher, targeting the first resistance at 1,987, provided the support of 1,950 holds on.
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Expected trading range for today is between the 1,920 support and the 1,970 resistance.
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