4.29 Morning Gold Market Analysis and Strategy:



News: The recent sharp decline in gold coincided with the dollar stabilizing and strengthening, essentially due to capital flowing back into the dollar and boosting the US index. Keep a close eye on the strength of the US index: if it continues to rise, the dollar is short-term bullish, and consider buying on dips; if it fluctuates again, that’s normal, after all, the dollar is generally weak, and the key is how long the momentum to support the market can last.

Analysis: After the daily chart hit a low of 4754.5, the market found support and consolidated. The daily close was at 4959.5, ending with a long lower shadow on the candlestick, which is a large bearish candle. After such a formation, the daily close is relatively low, and today’s market may continue to pull back.

Operation suggestion: Reduce positions on longs at 4120 and 4310, then set stop-loss and follow at 4400. Today’s market initially rises to 4640, then short with a stop-loss at 4646, targeting 4600, 4580, 4565, and 4553. If broken below, look for exits at 4532, 4520, 4512, and 4503, and prepare to go long. #黄金🔥 #黄金行情 #XAU$XAU
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