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5, July 7 Evening Market Analysis Strategy:
Today, gold overall maintains a strong upward intraday trend. After the price rallied and pushed above the 4750 level, it met pressure and pulled back. In the short term, bullish momentum has begun to slow somewhat, and the upside space supported by positive factors is already limited.
For tonight’s market, focus on the 4660-4770 oscillation range. Do not blindly chase the rally; overall, adopt a range-trading approach of selling near the highs and buying near the lows.
For the short term, watch the resistance area of 4750-4760.
If the rebound reaches around 4752, you can enter short positions accordingly.
Set the stop-loss uniformly above the 4770 pressure level. On the downside, first look to support at the 4700 level; if it breaks, you may further look down toward the 4680 area.
May 7 evening gold trading idea: short near 4752, stop-loss 4770, take profit 4700/4680
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