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April 20th, Mu Yun’s midday gold trading ideas
A small pullback does not require panic; overall, the outlook remains bullish
This afternoon, review the gold trend. Here are the core points:
1. The brief drop is just a normal correction, not a trend reversal; instead, it gives a better entry opportunity.
2. From the 1-hour timeframe, after the price dips, it quickly recovers; buying support is clear, and bullish strength has not weakened.
3. The bearish momentum has basically been fully released. The bigger-picture direction is still upward. It’s not advisable to chase shorts; buying in batches on pullbacks is the steadier approach.
Trading reference
Buy in batches on the pullback within the 4755–4770 range
Stop-loss defense: below 4740
Short-term targets: 4800 → 4830 → 4850#黄金