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5.7 Gold Morning Analysis
Consolidating at high levels, 4700 is the key dividing line today.
News: The fluctuating US-Iran situation supports safe-haven assets, but ADP data has limited impact on the dollar.
The 4-hour chart is slightly strong, with short-term high-level consolidation; chasing the rally is not cost-effective.
Support at 4680, 4668-4660, resistance at 4698-4705, 4720-4730.
Suggestion: Pull back to test 4680-4668 for stabilization, with targets based on previous resistance levels. $BTC $GT $ETH