This week's gold market experienced a breakout after several days of sideways consolidation. Looking back at the weekly trend, from Tuesday to Thursday, gold prices mainly fluctuated within a range, laying the foundation for subsequent upward movement. Last night during the US trading session, the bullish trend officially launched, with prices strongly breaking through the key resistance level of 5250, reaching a high of around 5280, and finally closing at a high level, indicating strong bullish momentum.
From a technical perspective, this breakout carries multiple positive implications. First
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