4.29 Night Market Analysis Strategy:


From the 15-minute structure, the area around 4595 with dense moving averages has completed its role reversal. Originally, we regarded it as Bollinger middle band support in the morning, but now it has been confirmed as a resistance level, indicating that the rebound is more of a correction and does not yet have the conditions for a trend reversal.

โ€ƒโ€ƒTechnically, a strong correction structure is not visible in the short term, and the probability of a weak rebound followed by a further decline is relatively high. Therefore, at this stage, it is not advisable to have overly high expectations for the rebound space; the approach should still be more bearish.

Trading suggestion: Short around 4554, with a stop loss at 4570, target around 4530/4510; on the pullback, consider long positions near 4505, with a stop loss at 4487, and target above 4540/50!#้ป„้‡‘๐Ÿ”ฅ #้ป„้‡‘่กŒๆƒ… #XAU
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