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Last night during the live broadcast, I analyzed that $XAU short-term trend might continue to rise, suggesting a rebound strategy at 4700, with two levels at 4688-4680. Today’s lowest was 4689, then it rebounded.
The range of 4735-4745 on the short-term chart has not been tested before, making it still quite difficult to resolve the top pattern on the 4-hour chart. For those who opened long positions, it’s recommended to secure profits with proper risk management and consider opening short positions around 4735 and 4745 after reaching 4730.
Specific strategies will be updated in the rebate center!