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Evening $XAU market sudden abnormal movement, accompanied by a significant expansion in trading volume, prices started a straight-line rally mode, breaking through the previous consolidation platform suppression decisively. The intraday high touched 4143, with a very impressive full-day gain. Current prices have retreated to a high-level range for sideways consolidation.
Non-farm payroll data significantly exceeded market expectations. The market further bet on the Fed's interest rate cut process this year, and the US Dollar Index weakened under pressure, directly providing support for gold prices to rise.
On the 15-minute chart, gold prices have strongly broken through the box-range consolidation zone. Bullish momentum has been released in a concentrated manner, and short-term moving averages have turned upward to form support. However, the short-term rally speed was too fast, and technical indicators have entered the overbought zone, suggesting a need for a pullback to confirm support in the coming period.
On the pullback to the 4080-4100 range, place long orders, targeting 4140 and 4180. #Circle股价重挫17% #USD1链上质押享年化8.26%