Gold, Opening Strategy



Last week, the actual trading suggested around 4527, but it only rebounded to about 4570 before ending abruptly. This week's strategy, I think, mainly depends on the strong support level at 4500.

From the weekly chart, it has closed at 4500 for three consecutive weeks, and has not broken below. This indicates that this support level is very solid. If it can hold the 4500 level this time, the price can go up; if it fails, then a decline is likely.

Tomorrow's opening, continue to buy on dips near the 4500 level; if 4500 is effectively broken downward, then directly reverse and go short.
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