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Yesterday's gold movement was quite interesting. It opened at 4631, quickly dropped to 4581 and was supported, then steadily moved upward, finally reaching a new daily high of 4624.76. However, by the end of the session, the bulls showed some fatigue, and it closed at 4615, leaving a long upper shadow on the daily candlestick.
Recently, market news has been relatively calm, with no major wind blowing, so the enthusiasm for buying hasn't been particularly high, and the rebound energy is just average. But from this candlestick pattern, the signals are quite clear: the bulls want to push higher, and there is significant selling pressure near the new highs. Both sides are really starting to contend around 4600.
Regarding the positions, continue to operate according to the previous plan: if you entered long positions in the 3325-3335 range, reduce the position and move the stop-loss to 4000, just hold on. For the longs entered in the 4174-4208 range, set the stop-loss at 4210. For the long position entered at 4455 last Friday, reduce the position and move the stop-loss to 4460, which can both lock in profits and prevent a wave of pullback.
Today's strategy has two parts: for low buys, directly build a position at 4570 with a stop-loss at 4560, first watch the 4620 resistance. If broken, the target is 4635, with the final target at 4644. If going for a high short strategy, try a light short at 4635, and when reaching 4642, add to the short position, with a stop-loss at 4655. That's how the market works—once the direction is confirmed, breakthroughs often happen right in front of your eyes.