Given the current market momentum, gold is unlikely to achieve a breakout today. Additionally, the cyclical outlook does not support a breakout within today’s session. As a result, gold is expected to remain in a range-bound market, with the 3015-3005 support zone holding firm and effective.
With gold now declining to around 3016, I believe this presents a solid opportunity to consider long positions, aiming to capture potential upside from a rebound.
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