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April 27 Evening Gold Evening Layout
Gold market faces severe pressure, with short-term moving averages forming strong resistance, and the bulls have completely lost their upward momentum!
The current trend is clearly bearish. Once the 4700 support level is broken, the decline will further expand.
Here is a clear trading plan:
📉 Rebound between 4706-4720, go short directly
🎯 Target range: 4680 - 4665
The current market only follows the trend, not against it. Absolutely avoid bottom fishing, and steadily capture falling profits!
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