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Gold Intraday: High-Level Consolidation, Key Turning Point Emerged
Gold prices maintained high-level consolidation intraday. During the Asian session, price surged to the 4602 level before pulling back slightly. Short-term bullish momentum showed signs of slowing, with an overall strong consolidation pattern. 4530 serves as the intraday short-term watershed level. If it holds, consolidation with a bullish bias will continue; if it breaks below, attention turns to the 4500 strong support level. No clear directional trend at present.
Trading Suggestions
Go long near 4535-4545 with target 4580, breakout above targeting 4630
Investment involves risks, please be cautious when entering the market.