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Song Xiqing: Weak Employment + Fed Walsh “Doves,” Gold Bulls Aim at 4080 — Song Xiqing Offers Two Tracks
Gold extends its uptrend, boosted by weak employment and dovish remarks from the Fed Walsh, which cools tightening expectations and increases safe-haven demand.
Technical Analysis: Resistance at 4068, 4080; Support at 4030 (psychological level), 3991. If buying pressure remains strong, further upside is possible.
Outlook: If gold holds above 4030 and breaks through 4068 with higher volume, the short-term rally can continue.
Strategy: If rebounds into 4068–4080 and meets resistance, consider shorting; if it pulls back to 4020–4030 and stabilizes, consider going long. If it breaks above 4100 or falls below 4000, the strategy is invalid.
Tips:
The analysis above is Song Xiqing’s personal view. The market changes rapidly, and the content is for reference only and does not constitute any investment advice!
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