Looking at the 4-hour market trend, watch for the important support level of 3990-4000 below, and the bull-bear watershed of 3980-85. The bull market is rising strongly and there is no end in sight. Trading strategies should focus on buying on pullbacks. In the middle, be cautious about following orders.
Gold Trading Strategies:
1. Buy gold at 4000-4010, and add to long positions if it retraces to 3985-3993. Set a stop loss at 3977 and target 4045-4050.
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