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Gold is currently showing small upward movements on the 4-hour chart. After a significant rise yesterday, it pulled back again in the early morning. It is now oscillating within the 5180-5200 range, and close attention should be paid to the resistance level at 5250. If it can break through effectively, it could continue to rise toward the 5400 threshold!
Today’s early trading did not show much volatility. In the short term, the downward trend remains unchanged. If tonight’s CPI data supports it, a breakout and explosive rise are highly likely!
Suggestions:
Buy low within the 5150-5170 range,
Targeting 5200-5230.