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5.4 Morning Gold Ideas for the Third
The structure of the one-hour cycle movement of gold is clearly visible, after the rise a standard pennant pattern forms. After the price rises and then pulls back, it continues to fluctuate horizontally within a small range, with strong main support below, and the short-term resistance above has not yet broken through effectively. Overall, it is a correction pattern within an upward trend, and during the day, focus on waiting for a market breakout and trend determination.
The current volatility range continues to contract, and trading volume in the market continues to decrease, indicating market readiness before the breakout. Whether it is a price increase with high volume breakout, or a pullback with support broken, it will be accompanied by a momentum release, leading to a continued unidirectional trend.
Trading Tips:
Buy at low levels: if the price#G…