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Today, the Asian market gold tested the bottom and rebounded, with support at low levels being effective. In the short term, it has entered a phase of oscillation and correction, but the overall major trend remains relatively weak.
Key levels
Support: 4300-4315, 4268
Resistance: 4350, 4370-4380
Trend forecast
In the afternoon, maintain range-bound oscillation, difficult to break out of a one-sided trend, waiting for the evening ADP data to guide the direction.
Trading ideas
Pull back near 4315 for a light short-term long position, target 4345-4350; rebound to 4350-4360 with resistance to consider shorting, quick in and out within the range. #Gold