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Gold provided precise positioning tips yesterday, capturing all four opportunities within the range with nearly 200 points of space!
From a technical perspective, gold's short-term trading range is clear. After gold price encounters resistance at the upper band and pulls back, there is some selling pressure at higher levels; short-term moving averages maintain a bullish alignment, with mid-band support proving effective. The 5000 level serves as the key dividing line between strength and weakness for the session. If this level holds, bulls still have upside momentum; if the mid-band is effectively broken through and key support is lost, be prepared for further short-term pullbacks.
Trading Strategy:
Scale into long positions near the 5000-4980 pullback zone, targeting 5040-5060 above.
If unable to break through resistance above, can test light positions #Gate广场AI测评官 #加密市场上涨 $BTC $ETH