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Gold Evening Trading Recommendations
The 1-hour trend shows that gold is mainly consolidating today. On one hand, it is digesting the previous continuous sharp decline; on the other hand, the market is still observing and verifying Trump's remarks. This week is likely to remain in a wide-range consolidation.
The key resistance is near 4500 above, with support at 4300 below; if broken, watch near 4200.
Short-term strategy: primarily look for long entries on pullbacks, with bounces used for short positions as a secondary approach.
In the short term, focus on resistance between 4470 and 4510.
Support in the short term is between 4350 and 4300.
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