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Gold encountered strong support around 4580 in the afternoon and then rebounded quite decisively. After establishing a long position near 4585, the market's performance met expectations. However, the current situation is still dominated by consolidation, and a clear trend has not yet formed, so it's important to keep an eye on stop-loss settings. If there is a pullback after the release of US data, there is still an opportunity to continue going long.
From an hourly chart perspective, gold has been testing within a large range, with support at the 4580 level holding quite well. The key focus is on whether it can stabilize around 4600—holding this line is crucial. As long as it stays above, the short-term bullish case remains strong, and there is potential for gradual strength, possibly breaking upward again after building momentum.
Market rhythm can change rapidly, but the upward trend framework remains unchanged. Short-term corrections are not enough to alter the basic outlook for gold. Stay patient and operate in line with the trend.
Today's strategy reference: go long near 4600, with a stop loss at 4585, targeting the 4650-4700 range. #美国贸易赤字扩大 $BTC $XAU