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Jinda Chuan 3.9 Morning Gold Analysis
Today’s market opened higher but then declined sharply under strong selling pressure from 5200, with the lowest reaching around 5015. This indicates that the 5000 support zone remains effective. Currently, the 15-minute timeframe shows the bulls beginning to rebound, but the nearby support zone around 5085 (now acting as resistance) was pressured and unable to break through clearly. However, the attempts continue, suggesting that bullish momentum has not yet waned. The subsequent trend remains to look for low buy opportunities.
Recommended to focus on a bullish outlook around 5060, with a stop at 5050, targeting 5100-5130 and above. If broken, continue to look for a move toward 5160-5200.