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4.1 Simple Gold Evening Review
Today, gold prices surged in the early session and then oscillated at high levels, reaching a high of 4747. The current price is around 4719. The Bollinger Bands are narrowing, and bulls and bears are entering a critical decision period.
Geopolitical tensions in the Middle East and ongoing central bank gold purchases continue to support gold prices, with the overall trend remaining relatively strong. Wait for a breakout in the short term, and focus on key levels.
Trading ideas:
Buy around 4715-4735, and buy on dips at 4685-4705;
If there's a direct upward move, consider entering at 4738, with targets at 4750 and above 4780.