4/30 Gold Analysis

After breaking below 4644, the first wave of upward movement confirmed to be officially over at 4100, and a retracement of the same level has begun. Yesterday's video suggested that those with courage could chase around 4600. Last night, gold dipped to about 4510, and the current market fully aligns with expectations. Either the bottom has already been seen yesterday, or it could go as low as 4400. Today, paper gold spot can add some positions; don't be afraid. Watch whether gold hits the blue resistance level and shows clear signs of stopping. If there are signs of stopping, it’s highly likely to test 4400, which is an excellent opportunity for a right-side short. If it can hold above the blue resistance level, then the move starting from 4510 is a strong rebound, targeting above 4800. Tomorrow, paper gold will be closed for the holiday. I’ve said what I need to say; how to operate depends on yourself. Wishing everyone a happy Labor Day in advance.