Citi: Gold prices have shown a "peak pullback" trend, with the first important support level at $3,900 to $3,904 per ounce
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Citi released a research report indicating that gold prices have experienced a "peak pullback" trend, with the first important support level at USD 3,900 to USD 3,904 per ounce. If gold finds support between this support level and USD 3,500 per ounce, a consolidation period is expected. The analysis mentioned that if these support levels are broken, prices may further decline to the USD 3,645 and USD 3,500 per ounce range. Historical data shows that gold typically undergoes significant corrections after experiencing substantial increases
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