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Gold afternoon wide-range fluctuation, precise zone rhythm control
In the morning, short-term resistance was given at 4730, the market only reached a high of 4726, and near the resistance level, it was directly pressured and fell back, with the lowest dip to 4687, which closely matches our support expectation around 4680, and the zone forecast was perfectly fulfilled.
The current market maintains wide-range oscillation, with short-term resistance above at 4730, strong resistance at 4750~4770; short-term support below at 4680, strong support at 4650~4630.
Operations can be done around the range, with a light position short when first touching 4725~4735; continue to short high when rising to 4750-4770. When falling back near 4680, consider buying on dips, and the strong support at 4650~4630 is an even better opportunity for long positions at low prices.
Warm reminder: The above is only a personal market outlook sharing and does not constitute any investment advice. Be sure to control your position size and implement risk management.