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4.14 Gold Midday Outlook
Yesterday, gold opened lower and then rose, closing with a long lower shadow on the daily chart, with strong support at 4700. The long-term upward trend remains unchanged, and the main strategy is to buy on dips.
Support: 4700 (daily strong support + early morning low), 4750 (short-term defense)
Resistance: 4790 (trend line resistance), 4820 (strong resistance)
Trading Suggestions
Duo Dan: Enter around 4740-4750, set stop below 4720, target 4790-4820
Kong Dan: Look for opportunities to short in the 4790-4820 range