Friday: Gold 4730 Precise Hit, Reversal Short Position Seamlessly Connected
Yesterday afternoon's movement perfectly matched the prediction. Here's a brief review.
During the Asia-Europe session, after low-level consolidation, gold prices showed obvious rebound momentum. Combined with the hourly chart structure, the judgment at that time was that the support below was effective and there was still upside room in the short term. Therefore, chasing shorts was not recommended. Instead, an upside target of 4700-4730 was provided.
Subsequently, the market rallied and successfully reached the 4730 t
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