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Enze: Gold's key support levels move higher! Focus on dips, major trend remains after the New Year
From the current market situation, gold has fallen below 5000, and the market sentiment has weakened. Currently, it is fluctuating around 4840-4900. The long-term support has shifted to the 4700-4800 range. There may be a significant rally after the New Year. Maintain a cautious approach. Also, pay close attention to the new round of US-Iran negotiations happening today (February 8) in Geneva.
Trading Suggestions:
Buy near 4850-4870, stop loss below 4840, target around 4910-4950.
Buy near 4650-4700, stop loss below 4640, target around 4850-4900.
Reminder:
The above analysis is Enze's personal view. Markets are ever-changing; please rely on Enze's actual market data for decisions!