The gold trend is strong, just breaking through the 4470 level, and the long positions momentum is unstoppable. In this kind of market, following the trend is key.
From a technical perspective, any pullback should be viewed as a buying opportunity. The support level below is around 4380 — this price was previously a resistance level, but has now turned into a clear support. Using this position as a basis for long positions, there is almost no significant resistance above, and it is entirely a one-sided upward trend. In the short term, pay close attention to the performance around the 4480-4490 range.
Currently, gold has stabilized above 4400, and the trend is very clear. It is recommended to continue going long in the range of 4435-4445, with a target towards 4480-4500. Follow the trend and do not go against the market.
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The gold trend is strong, just breaking through the 4470 level, and the long positions momentum is unstoppable. In this kind of market, following the trend is key.
From a technical perspective, any pullback should be viewed as a buying opportunity. The support level below is around 4380 — this price was previously a resistance level, but has now turned into a clear support. Using this position as a basis for long positions, there is almost no significant resistance above, and it is entirely a one-sided upward trend. In the short term, pay close attention to the performance around the 4480-4490 range.
Currently, gold has stabilized above 4400, and the trend is very clear. It is recommended to continue going long in the range of 4435-4445, with a target towards 4480-4500. Follow the trend and do not go against the market.