Jinda Chuan 4.17 Gold Morning Analysis

On the 15th, I shared a short-selling approach with everyone at the high point of 4871. The market has been falling all the way, and it is now near 4770. It will soon reach the gap-fill level of 4750 in the earlier phase that I marked at the very beginning—everything is fully in line with the prediction!

The market is now approaching a key pullback level. Although the downtrend is still ongoing, the downside movement on smaller time frames below the one-hour level has already shown divergence. For the next steps, the recommended approach should shift to focusing mainly on buying the dips.

Recommended for the early session: around 4780, targeting around 4750.
After the price drops into the vicinity of 4750, once it stabilizes, do dip-buying on the right side. Defense at 4738, target above 4790-4800.
​#XAU