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$XAU Jin Chen Yu Jin | Gold 4640-50 Bearish
Today is Friday, gold opened with a sharp drop, now down 0.83%, touching a low of 4607! Hawkish leader Waller officially takes over as Fed Chair, and the market preemptively reacts to tightening expectations. Today, gold is showing a volatile and bearish trend, with the main strategy being to sell on rallies and buy on dips as a supplement.
Key reference levels:
Support levels: 4600-4580-4550
Resistance levels: 4640-4660-4680
Today’s gold: Short near the 4640-4650 rebound zone, with a stop at 10, target: 4600-4580
【More real-time strategies are based on live trading layouts】