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London Gold, 4-Hour K-Line
Key resistance levels: 4800, 4870. The lower boundary of the previous consolidation platform and the recent high form a strong resistance zone above.
Technical indicator RSI(: approximately 55.14, above the midline of 50, indicating a short-term bullish oscillation but not yet overbought, leaving room for upward movement.
- Rebound trend confirmed: the price breaks above the support of the green upward trend line (starting around 4092) and oscillates along the trend line, currently in the mid-stage of the rebound.
2. Key position battles
- Bullish target: currently around 4692, the primary goal is to test the 4800 level. If the 4870 high is broken, a new upward phase could open.
- Bullish defense: if upward momentum weakens, 4600 is the short-term support line for bulls; if broken, attention should be paid to the effectiveness of the 4400 major support.
💡 Trading suggestions (for reference only)