Gold's retracement support level is another buying opportunity

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Today, I originally wanted to inform everyone to go long in the 3260-3270 range, but while I was writing the article, gold suddenly rose and the price reached 3320, missing the opportunity of this rise. (This sounds a bit Hindsight now)

From the current point of view, there is a high probability that gold will continue to rise. 3320 is definitely not a high point, but the price of gold is now stable below 3320. Chasing the price now will definitely face the risk of a possible correction, so I think it will be better to wait for the retracement before buying.

The current upper resistance of gold is around 3350, and the lower support has moved up to the 3275-3285 range. Therefore, if the gold price falls back to here, I will consider buying, with the target first at 3320 and then at 3350.

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