The trading range remains unchanged today, with the market still hovering between 3960 and 4020.
We are watching the 3960 support level. If it holds, we can continue to buy. On the upside, we are watching the 4020 resistance level. A break above 4020 would see gold rise to 4050-4080; otherwise, it will continue to fluctuate within this range.
This is my current thinking.
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