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During Tuesday morning trading, gold prices continued their upward trend, remaining near the recent high of $4,400 per ounce. According to CoinCodex forecasts, the overall upward trend of gold prices is expected to continue until early 2026, gradually approaching the $4,900 to $5,000 range. Meanwhile, Elliott Wave analysis indicates that gold is in the late stage of the impulse wave. As long as the price stays above the key support level around $4,500, the structure suggests that gold prices will further rise to above $4,700.