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4.17 Simple Gold Evening Review
Today, gold surged then pulled back, with a high of 4800 facing resistance, and a low of 4767, currently oscillating around 4783.
In the short term, it looks somewhat weak, but the support below hasn't been broken, so the decline isn't deep.
The news is pulling between bullish and bearish forces, with Middle Eastern tensions supporting the bottom, while risk aversion cools down and suppresses gains; technically, it’s oscillating at high levels, with Bollinger Bands narrowing, temporarily lacking strong momentum for a one-sided sharp decline, making low-buy entries more cost-effective.
Trading suggestion: Buy on dips around 4795-4775, with the first target at 4815, and if broken, then look toward 4830. Remember to set your stop-loss! #黄金 $XAUT