GOLD: Continue to Focus on Buy Orders!
Hello everyone! Today i want to share some macro analysis with you!
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Gold Technical Analysis
$Gold - main 2604(GCmain)$ Gold prices continue to fluctuate between $5000 and $5100, failing to break through the top/bottom of this range and awaiting a new catalyst. The Relative Strength Index (RSI), while bullish, is converging towards neutral levels. This suggests that sellers are limiting further price increases.
If gold breaks through $5100, it could rise further to $5200, subsequently potentially challenging the January 30 high of $5451 and approaching the all-time high of $5600. Currently, gold is in a wide-range consolidation phase, making this market more suitable for short-term trading. Pay close attention to the NFP data today! Continue to focus on buy orders!
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