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Gold touched 4724 early in the morning and faced resistance, entering a short-term range-bound phase.
The price further advanced in the early session, successfully reaching the pressure zone of 4700-4740, which corresponds to the midpoint of the upward channel. From the current performance, after hitting the resistance, the price pulled back. The last two 1-hour candlesticks have bodies below the midline, once again confirming the effectiveness of this resistance zone.
However, since a "breakthrough" action has occurred, it indicates that the bulls have not exited the market. A genuine breakout is likely just a matter of time.
It is recommended to buy on dips around 4640, with a target of 4750.
Follow the trend, stay rational at all times, maintain good defense, and avoid blindly holding through the pressure. Wishing you all the best, seize every wave of the market, and let’s move forward together. $BTC $XAUT #BTC能否守住6.5万美元？ #美共和党提出美国挖矿法案