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Gold: Thursday Night Outlook, Gold Prices Going Completely Crazy
The price surged directly to the 5596 level in the early trading session, and this kind of movement is completely crazy. Currently, the bulls are in control, but it’s not recommended to chase directly. The rollercoaster rise of gold prices is obviously abnormal, but the overall bullish pattern remains unchanged.
Look for support levels below; no need to worry about resistance. There is also no resistance above. Currently, the price is around 5490, which is the support level of the middle band. The candlestick is also above the moving averages, indicating a clear bullish trend. Just follow the trend.
Go long around 5493, with a target of 4650. Let’s get completely crazy.