Gold prices have shown limited movement so far today, with a potential for slight bullish bias due to the current positive momentum from stochastic indicators. However, as long as the price remains below $2,680, the bearish outlook will remain intact.
For the bearish trend to continue, gold must break below the $2,640 support level. A sustained move lower could open the path towards the next targets at $2,615 and $2,600.
The expected trading range for today is between support at $2,630 and resistance at $2,670.
Trend Forecast: Bearish
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