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Mu Yao: The gold bulls and bears are intensifying their battle! Key levels to watch at midday
Market review: The Middle East situation fluctuated, gold surged to 4814 during the Asian session then pulled back, bullish traps appeared, and the strategy is to go short first and then long within the day.
Core strategy: Rely on resistance levels in the European and American sessions to short, watch for support signals to stabilize.
Key levels: Resistance at 4810-4820; support at 4740-4730
Specific operations:
Short at 4810-4820 on rebound, target 4750-4760; buy on pullback near 4770, target 4800
Reminder:
The above analysis is Mu Yao's personal view. The market is ever-changing, and the content is for reference only and does not constitute any investment advice!#