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Let's discuss the current thinking on gold. If the level of 4174 on the 12-hour timeframe can be effectively broken, then the next target is around 4294 on the daily timeframe. Once the structure reaches the left-side high point, you need to wait for the end of the sub-level adjustment on the 12-hour timeframe before choosing to enter a long position, and then take the daily timeframe profit target. All current market movements are oversold bounces! The above views are for reference only and do not constitute investment advice! $XAU