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Brothers, the current news environment is fully bullish for gold, with ongoing geopolitical tensions and rising risk aversion. Technically, gold prices have stabilized above the 5000 level, with strong support at 4980. The daily chart shows a clear bullish trend, and the overall pattern is leaning bullish.
Gold is likely to open higher on Monday, but don’t chase the rally; wait for a pullback to go long.
Focus on the buying opportunities in the 5030–5050 range, with a target of 150–200 points.