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Today's market movement basically aligns with my weekend analysis.
Below is my current plan for gold trading on Monday:
Recent sharp fluctuations have caused many people to suffer losses. Traders should strengthen control and focus on entry points near support and resistance levels.
Direct resistance: 5034 - Liquidity zone: 5050-5080 - Strong resistance zone: 5130.
Direct support: 4996-4960 - Strong support: 4936.
Buy near support levels and set stop loss below the support level.
Sell near resistance levels and set stop loss above the resistance level.
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