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How to view gold on Friday?
After a surge to 4570 yesterday, it quickly plummeted back due to news impact, with the lowest touching around 4488.
Buy the expectation, sell the reality. From a daily chart perspective, the downward trend has not changed, and it is still operating within the lower band of the Bollinger Bands, with a clear bearish trend dominating.
On Friday, expect a rebound and mainly shorting at high points. It is recommended to enter short positions around 4535-4550, with targets at 4510, 4480, and 4450.