XAU Analysis


Yesterday, gold experienced a deep V reversal, breaking below 4480 and then rebounding strongly, rising to 4588 before encountering resistance and falling back. The current price is 4560, moving within a narrow range. This round is only a oversold correction, the major bearish trend remains unchanged, and no reversal signals have been seen. The intraday strategy is to mainly short on rebounds.
Trading Suggestions
Gradually short in the 4590-4620 range, targeting around 4400-4450.
XAU-0.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned