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Monday Gold Market Outlook:
The recent non-farm employment data is generally bearish for gold and silver. Currently, gold prices are forming a clear strong resistance at the 4700 level.
Unsettled positions and safe-haven funds accumulated during the holiday are likely to be largely liquidated at the Monday open, leading to significant market volatility.
Initially, focus on the support at 4600. If this level is broken, the next targets will be 4550 and lower.
Strategy: On Monday, if a rebound tests the 4700 resistance, consider gradually shorting near this level, with the first targets around 4580-4600. #Gate广场四月发帖挑战 #假期持币指南 #加密市场行情震荡 #XAU