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Recently affected by geopolitical factors, crude oil has once again come under pressure and declined. Gold surged to 4890 last Friday but then pulled back. This morning after hours, it retested 4750 and has now recovered.
The four-hour chart remains in an upward channel. Although there was a pullback this morning, the bulls still showed strong recovery. The weekly chart shows signs of consecutive gains. A technical correction is normal; as long as the 4750 support level can be successfully held, there is still room for further upward movement!
Trading suggestions:
4750-4770 buy zone, with a target around 4830-4880.