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As indicated by recent trends, the 5000 support low-buy strategy suggested yesterday has been effectively validated!
Currently, gold is showing a rebound signal around 5130, and the bulls are holding firm at this structural support level.
If the price can continue to stay above the pullback zone, there is potential for a rebound to the supply zone and a challenge of the previous high at 5200.
If the price breaks below 5130, wait for stabilization before considering an entry.
Trading suggestion: Buy in batches at 5080-5100-5120 levels with targets of 5180-5200-5220.