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Monday Gold Morning Analysis
Weekend breaking news: The US-Iran negotiations have completely broken down, the Strait of Hormuz remains under blockade, and regional conflicts continue to escalate. However, a sharp rise in crude oil prices has exerted a reverse pressure on gold, leading to an immediate gap down at the opening.
Review of last week's market: Gold opened at 4649, initially dipped to a low of 4600, then oscillated and rebounded upward, reaching a weekly high of 4858.2. After the surge, it failed to stabilize and gradually declined, with the weekly close at 4749.3, forming a long upper shadow with a medium-sized bullish candle.
Today's Trading Suggestions
The market opened lower and rebounded, prioritize short positions with the trend.
Swing trading: Short near 4720 on the rebound, with a stop loss at 4730, and targets sequentially at 4650, 4620, and 4600; if the key support is broken, look for a decline to 4580 and 4565 at the lows. $XAUT #Meta推出AI模型MuseSpark