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Juejin Old Cat · Morning Gold Ideas
In the world of trading, true composure is never about bravely going against the trend alone, but about following the market's rhythm and steadily catching each heartbeat.
The current price in the morning is around 4690. After breaking below the key support, it touched as low as 4678, with short-term bearish forces releasing concentrated pressure, and the overall pattern leaning weak.
Above, 4695-4705 is the core resistance zone for today’s morning. Rebounding into this range, consider primarily shorting; below, 4670-4678 is the short-term support band. Holding this can lead to a slight rebound after oversold conditions, but if it continues to break downward, the bearish space will further open.
In the morning and midday, it is highly likely to continue with narrow-range oscillations. The overall approach is mainly to go short, entering in batches when rebounding to the resistance zone, which better fits the current weak rhythm.
The above content is only a personal trading idea share and does not constitute any specific operational advice. The market changes rapidly, so please strictly manage risk when trading.