Recently, gold surged to around 5419 before starting to pull back, then plummeted on Tuesday, with a low of 4997. This pattern is consistent with previous declines last year, where the technical performance showed a drop to near the middle Bollinger Band on the daily chart, followed by repeated tests and trend reversal leading to an upward move. Currently, the close is at 5141, with the rebound nearly halving the previous decline. It is basically confirmed that this round of correction is complete, and a cyclical rally is beginning.
The daily chart has already closed with a positive candle,
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