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Gold, Midday Analysis
Yesterday's price dropped sharply, turning from last week's 4900 and directly turning bearish. Yesterday reached the target level of 4600, then I positioned myself for a long around 4620, and today remains unchanged.
After the adjustment, I will no longer look for a short. The support at 4550 mentioned yesterday is a strong support, and a bullish signal appeared with a bullish engulfing pattern on the bottom.
Hold long positions above the 4550 support. Additionally, for those with no positions, feel free to go long at any level, with a target of 4800.