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4.20 Laosi Gold Evening Review
Today’s Gold Trend:
The market tested a low of 4737 in the early session and quickly rebounded, maintaining a narrow range of fluctuation throughout the day, with prices oscillating repeatedly within the 4786-4801 zone, as bulls and bears battle intensely, waiting for a breakout signal in the evening.
Technical aspect: Geopolitical safe-haven support underpins gold prices, with the market closely watching the Federal Reserve’s subsequent moves. The Bollinger Bands are clearly narrowing, indicating that short-term consolidation and momentum buildup are still the main focus.
Evening Strategy: During the pullback to 4760-4780, consider buying on dips in batches, with the initial target to break through 4800, aiming higher at 4830+. #现货黄金