Next week, don't rush to short gold!


The overall trend is still bearish, but the 4510 level has already stopped falling, and the lows are slowly being lifted. This is a "rebound" within a downtrend, not a reversal. Don't treat it as a major bull market.

Focus on two levels:

• Below 4550-4570, holding this zone leaves room for a rebound

• Above, first watch 4670; only if it breaks through can it reach 4720-4750

Next week, non-farm payrolls and Middle East developments are variables. If the data underperform, expectations for rate cuts will heat up, and gold prices may surge. On the technical side, the 4-hour chart is also turning stronger, with bearish momentum weakening more and more.
In terms of operations: a light position can be taken on a pullback to 4585-4595 at the open, aiming first for 4645-4665. #黄金
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Saidur48
· 2h ago
To The Moon 🌕
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