Monday Light Discussion on Yellow Fish:

Last week, gold surged to higher levels and then pulled back. At present, bearish momentum has been fully stabilized at the 4024 low point, and the market has entered a rebound and range-bound repair phase.
As risk-averse sentiment cools off, the sell pressure has been digested. The morning news flow is light, and during the day it will most likely continue to oscillate in a low-range.

Pull back into the 4250-4270 range, then go long directly.
If the current price (around 4285) stabilizes and then rises, you can follow along with a light position, in line with the trend.
Look upward to the 4320-4350 zone.

Set your stop-loss properly—cut losses and take profit in a timely manner. If there is an effective breakdown of key support, immediately adjust your thinking; don’t stubbornly hold on, and don’t get into a prolonged fight.
Disclaimer: The above is only a personal viewpoint sharing from Morning Dusk, and does not constitute trading advice. Any risk from taking action shall be borne by you.
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