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$XAU 6.13 Golden Silk Road
Yesterday's high reached 423, the lowest dipped to 417, current price is at 422, showing a rebound after a bottoming-out and a corrective consolidation trend.
From the 4-hour chart, after a rapid decline earlier, the price found support at a low level and showed a clear reversal, currently trading above the middle band of the Bollinger Bands, with the lower band gradually turning upward, indicating that support below is gradually strengthening; in the short term, after the reversal, the price entered a sideways consolidation phase, with trading volume decreasing, suggesting that both sides are temporarily balanced at this level, with the reversal momentum slowing down, but no clear breakout signal has appeared, and overall, it remains in a corrective rebound process.
In summary, watch for 419 for a breakout, and 428 for a rally.