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Gold, Afternoon Analysis
These days, gold is openly bullish to 4600 and 4800, and today it surged to the 4800 level. It’s really just right, with the upward trend going smoothly. This time, over 300 points of gain.
Currently, the price has fallen back to around 4600, and the downward space is limited. As long as the price stays above the 4550 support level, the bulls can still continue.
Go long near 4587, targeting 4700.