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Gold has pulled back from the 4740 high down to 4710, a short-term correction of $30.
In the short term, focus on support around 4700. You can try a low-risk long position in the 4700–4710 range, with targets at 4720, 4730, and 4740 in sequence.
The key resistance level is at 4740. If it breaks through effectively, you can look up to 4780; you can also try short positions in the 4740–4750 range, with targets at 4730, 4720, and 4700.
The current operating range is 4700–4740. Once the range is broken, I will follow up on the next trading ideas right away—please keep an eye on it continuously.
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