6. 3 Morning Thinking Analysis Strategy:

Gold prices opened higher and then faced selling pressure, moving sideways within a short-term range

Intra-day gold opened at 4492 points in the morning, surged to touch the intra-day high of 4493, then faced resistance and pulled back, currently quoted around 4475, with prices falling below the short-term moving average. The 4-hour cycle moving averages are acting as resistance, and the market is showing short-term weak oscillation, with the trend entering a range consolidation.

Trading strategy:
Lay out short positions at 4490-4497, targets at 4472, 4462;
Lay out long positions at 4446-4453, targets at 4500, 4488.

Note: This strategy is for reference only and does not constitute any investment advice.
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