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XAUT (Gold) Market Outlook and Trading Recommendations
Analysis
Gold surged with high volume yesterday, with a daily increase of 2.26%, and a trading volume of 648 million. The bullish momentum is fully unleashed, and the short-term trend is clearly bullish. The current price has stabilized above the 4730 level, with resistance around 4800-4850, and key support zones between 4680-4700. The overall trend is upward, but a short-term pullback is expected. Trading should focus on buying on dips, cautiously avoiding chasing highs.
Trading Recommendations
Buy on dips around 4680-4700 in batches, with targets at 4780-4820.