Early morning XAU rapid deep plunge, instantly dropping to a low of 4481, with bearish sentiment fully released; then funds quickly entered to buy the dip, pushing the price strongly back to recover the decline, stabilizing above 4550 and initiating a strong rebound, typical of a sharp decline shakeout and bottoming reversal pattern.

Trading Suggestions

The support zone at 4520–4530 is key for this rebound; a pullback to this support area can be used to go long with the trend, with resistance at 4560–4580 above;

If resistance holds: approaching the upper Bollinger Band near the resistance zone, causing a stall in gains, a small short position can be taken to catch the pullback, overall rhythm: the morning plunge has already absorbed bearish momentum, in the short term, expect a sideways to slightly bullish correction, with pullbacks for long entries, avoid blindly shorting, and strictly manage take profit and stop loss. Wishing everyone smooth trading! #TradFi交易分享挑战