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From a technical perspective, the gold market is currently in an uptrend, and bulls are waiting for the right time to push gold prices further up. On the daily chart, the relative strength index (RSI) remains above 50, indicating that although there may be a pullback in the short term, the overall trend remains bullish. Gold prices have broken out of the...
At the weekly level, gold has once again set a new record high, reaching 2509.60. When the market is strong, there should be no "fear of heights" mentality, because there is no highest, only higher. Last Friday, the price of gold broke through the upward trend with a very strong trend. Although there was a single negative retracement in the evening, it finally...