4.27 Gold Intraday Strategy: Today is Monday, opening lower again, with the lowest around 4670. But it’s obvious that gold remains relatively strong, not only filling the gap caused by the opening but also rebounding all the way to around 4720. In terms of strategy, attention should still be paid to the resistance at 4770-4750. This is the rally signal for the bulls. If it stabilizes above 4770, look for 4850 or even 5000. But if it cannot even break above 4750, everyone should stay cautious. Either participate in short-term trades or wait for support levels at 4600-4550 on the daily chart before considering further action.


1: 4750-4730 resistance can continue to follow the rebound, targeting 4700-4670.
2: Pay attention to support at 4600-4550 below; if support holds, consider taking a rebound to aim for long-term gains in $XAUT.
XAUT-0.53%
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