Gold: the main pressure is concentrated between 4280 and 4410, especially near 4280. I estimate that this price range is the cost of the People’s Bank of China’s gold reserves. The US pushed the gold price into the cost range of the People’s Bank of China, then issued a technical long signal—essentially testing and observing the People’s Bank of China’s actions before making its move. Silver is the same. If they want to steadily increase gold reserves to promote the internationalization of the renminbi, then don’t hesitate—go ahead.

GLDX-1.00%
PAXG-0.41%
XAU-0.49%
XAG-1.53%
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