Mu Yun Afternoon Trading ☁️

The morning session market fluctuated and recovered, quickly rallying after pulling back to 4660, with insufficient momentum near 4720 to push higher, facing resistance and pulling back, currently consolidating around 4708.

The four-hour overall trend remains unchanged, with strong support at 4580 solid, and the key resistance at 4800 clearly suppressing the market. The trading range continues, with no clear trend.

Multiple attempts to break through 4720 in the short term have failed, with selling pressure above being relatively heavy. 4700 is set as the key dividing line between bulls and bears in the afternoon.

Afternoon trading strategy:
Hold the support at 4695-4700, look for a rebound in the short term, targeting 4718-4730, and if it stabilizes above 4728, it could test 4745;
If it falls below 4700, expect a pullback, initially to 4675-4688, with weakness testing the 4660 support again.

Recently, the market rhythm has been repeatedly shaking out traders. Do not blindly chase gains or sell in panic. Wait for key high and low points to re-enter, avoiding the risks of choppy trading. #黄金