RSS XAUUSD: 1H Trend Analysis

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 RSS XAUUSD: 1H Trend Analysis

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Gold continued to close positive on the hourly chart in early trading, with the price hitting the key psychological mark of 2,700 and briefly breaking through. However, after the breakthrough, gold did not accelerate upward quickly, but fell back slightly, which shows that the market showed a certain hesitation at the key point. The short-term pullback provides a good entry opportunity for bulls. The current goal is clear, and the focus is on the breakthrough of the 2720 line above.

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If it pulls back to the 2675-2680 range, you can try to arrange long orders. The initial target is 2715-2720. If it can break through 2720, it can be further seen above 2730

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Upper resistance: 2700 (psychological level), 2720 (short-term target).
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Lower support: 2685-2680 (short-term support area)

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