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Mu Yao: The bull trend remains unchanged, with data front-end accumulating and positioning
The overall bullish trend of gold remains stable, and during the midday session, after a rally, prices entered a high-level oscillation and consolidation phase, typical of a data front-end buildup.
On the eve of the CPI data release, market trading sentiment has become cautious, and gold prices have remained within a narrow range of 4760-4775, with reduced volatility, mainly adopting a strategy of selling high and buying low within the range in the short term.
Afternoon operation reference
After the price stabilizes around 4750-4755, consider entering long positions; the first target is 4775-4777, and if it breaks through smoothly, then further targets are 4780-4785.
Reminder:
The above analysis is Mu Yao's personal analysis. The market is ever-changing, and the content is for reference only and does not constitute any investment advice!