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Current price: 4398
Key point: 4370
Our preferred strategy: Buy positions above 4370 with a first target of 4435 and then a second target of 4460.
Alternative scenario: Stop loss and trend reversal upon breaking the 4365 level, targeting the 4310 level.
Technical commentary
Gold is holding above the key support level of 4310 and above 4370 in its strong upward trend, with expectations of continued gains towards 4435 and then 4460.
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