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Friday Gold: Volatile with a Slight Downward Bias
In the 30-minute chart, gold rose to around 4647 and faced resistance, failing to break through the 4657 resistance level, leading to a lack of upward momentum and a pullback. Currently, the market is in a decline, forming a support level at 4605. Therefore, gold is fluctuating between 4605 and 4649, and only a breakout can establish a one-sided trend.
Aggressive strategy: Short at 4605-4649, buy high, sell low
Conservative strategy: Short at 4600, stop loss at 4610, targets 4582/4565/4522
Conservative strategy: Long at 4662, stop loss at 4652, targets 4676/4699/4730