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April 29 Gold Morning
Gold remains weak after a low correction, with a bearish trend, strictly no bottom fishing.
Gold price consolidates within a narrow range at 4604, slightly rebounding on support at 4554, with short-term resistance at moving averages, only a brief correction during the decline, with no reversal momentum.
Geopolitical tensions ease, market risk aversion cools down, the gold safe-haven premium continues to decline, and the bearish momentum persists.
In terms of trading, prioritize shorting on rallies:
Rebound to 4610-4630, sell in batches
Short-term target 4580-4540, break below to look towards 4500. #黄金