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Good morning, currently gold is rebounding at a key support level, with a strong short-term upward trend. However, chasing long positions at high levels can easily encounter sudden pullbacks, which carry significant risk. It is not recommended to chase highs directly.
Long position strategy
Entry range: around 4810–4815
Rely on 1-hour and 4-hour moving average support, wait for stabilization and a lower shadow to form before entering, target: 4840
Short position strategy
Entry range: around 4845–4850
Wait for the price to reach recent high-pressure zones and form an upper shadow before entering
Target: 4820
Important reminder
Market fluctuations in the early session can be quite sudden. Be sure to wait until the specified price levels before entering, only take high-probability opportunities.
Gold is quite volatile; target levels are for reference only. Do not be greedy. Take profits promptly after gains, and focus on short-term profit-taking.
don't forget $PI 💎💜