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Yesterday, affected by the shipping risk in the Strait of Hormuz, gold prices dipped to a low of 4737, then quickly rebounded and recovered, closing at 4820.
The sharp drop at the open yesterday was mainly due to the release of geopolitical risk sentiment over the weekend. After a brief bottoming out, the rebound was strong. From the chart perspective, the four-hour Bollinger Bands are opening upward, and the KDJ three-line golden cross is moving upward. The trend today is expected to continue oscillating upward.
Trading suggestions:
Pull back to around 4795-4810 to go long,
Target at 4830-4850,
If a strong breakthrough above 4850 occurs, then further targeting 4870#黄金 #白银 #原油