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Gold, Afternoon Analysis
These past two days, the suggestion was to watch 4650, and yesterday it directly surged to near the 4700 resistance level. Today, the main focus remains on long positions, looking for the price to continue north from the lower levels. Support is at 4650 below.
Currently, gold's trend has broken out of the moving average resistance, and the large bullish candle indicates a takeoff, which is a bullish signal. The outlook remains bullish today, with the target above at 4850.
Go long around 4683, with a target of 4850.