$XAU Jin Chen Yu Jin | Today, gold surged to around 4580 on the one-hour level, then entered a narrow range of consolidation, with indicators gradually recovering. The bullish momentum temporarily slowed but no reversal signals appeared. The 4540-4550 zone serves as the 0.382 Fibonacci retracement level of this round of rally and the middle band support of the Bollinger Bands, which is both a key intraday support and a critical defense level. Overall, the technical chart shows a oscillating but relatively strong pattern.


Support levels reference:
4540-4525-4500
Resistance levels reference:
4580-4600-4615
Trading ideas:
The current rebound trend is clear, with buying interest supporting the pullback. During the Asia and Europe sessions, focus on buying on dips, mainly using a buy-the-dip strategy. Positions above 4510-30 can be held lightly or scaled into. On the short side, only watch for resistance in the 4580-4600 zone to consider shorting; if broken above 4600, abandon the short idea. Short-term trading should mainly follow real-time signals.
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