A rebound after hitting bottom is bound to face pressure again.

6 giorni fa

#XAUUSD XAUUSD GOLD

Gold rebounded after falling to around 3997, forming a V-shaped pattern and has now largely recovered its Asian session losses. However, judging from the timeline, the mid-term correction is not yet completely over. During the NY session, we should continue to pay attention to the 4000-3980 range. Only a break below this level can open up further downside potential. Similarly, as I mentioned before, the market is expected to remain volatile before the data release, so the short-term upside resistance level to watch is 4055-4060, and the key resistance level is 4080-4090. If gold prices first touch 4055-4060 and encounter resistance during the NY session, consider shorting gold with a small position.

6 giorni fa

Trade attivo

#XAUUSD

Gold rebounded again after falling to near the 4H MA5 in the short term. Although the 4H chart still shows a V-shaped trend, as I have been emphasizing, the market may maintain a wide range of fluctuations before the data release. The support level remains unchanged for now, and there's a high probability that gold will continue to test the resistance level of 4090-4100 in the short term. If the rebound reaches this resistance level tonight, we can continue to try shorting gold.