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Gold, Afternoon Outlook
Yesterday we mentioned watching 4750, and this morning it directly reached 4850 — once again, we were right.
Currently, gold prices have pulled back after a rally, which is normal. When the price pulls back, look for support below. The support level is at 4750. Stay long as long as the price remains above this support.
Go long around 4773, with a target of 4900, and a longer-term target of 5100.