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April 13 Evening Gold Analysis
Gold overall maintains an upward trend, with a target of around 4800. Yesterday, the price retreated to a low of 4699 and then stabilized and rebounded. During the U.S. trading session, it rose to test the 4800 resistance level, encountered resistance and pulled back, closing around 4765, showing a high-level oscillation trend.
The support at the 4699 low point below is relatively strong, and the 4700-4720 range is a key defensive zone for the bulls. The daily trend remains bullish, and the current short-term pullback is a high-level consolidation correction. The 4800 barrier above is clearly suppressive; until it is broken, it is not recommended to chase long positions.
Tonight, focus on range-bound trading, mainly buying on dips. After the price stabilizes around the 4700-4720 range, consider entering multiple long positions, with targets at 4740 and 4760, and a break above towards 4800. #黄金 #白银 #原油