Gold continues the main bullish idea from 4565-4586, aiming towards 4700



1. The overall trend aligns with the early morning analysis. At the beginning of the week, prices were sold off from 4700, and on Wednesday, after breaking below 4555, it stabilized around the 4100-4890 connection line at the 50.0% retracement level at 4500. On Thursday, it rebounded to 4646. The daily chart recorded a large bullish candle, and the 4H chart shows a bullish arrangement. The outlook remains oscillating and bullish, with an initial target of 4700.

2. Intraday, after a practical pullback to 4560, prices rebounded and broke higher in the evening, continuing to rise overnight. If there is progress in US-Iran negotiations, a gap-up is expected next Monday. Short-term support is at 4620, strong support at 4510; short-term resistance at 4650, strong resistance at 4670, with a break above targeting 4700.

3. In terms of trading, continue with the main bullish idea from 4565-4586, with adjustments followed by intraday signals.
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UnknownSpring
· 6h ago
Just charge forward 👊
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