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Old He Talks Gold: Market Analysis Ahead of Unemployment Data
News: On Thursday, gold surged then pulled back, reaching a high of 4570 intraday, then falling back to around 4514, a decline of 0.64%.
Technical: The 4-hour chart shows the price breaking below the short-term moving average, with the 5-period line turning downward, indicating weakening rebound momentum.
Trading suggestion: If gold stabilizes around 4490, consider a small long position, with a stop loss at 4480, and targets at 4530/4570.
Old He Statement: The above content reflects personal ideas for reference only.