XAU

The 15-minute chart for gold has already formed a standard stair-step upward structure.

After breaking through 4300, there was no significant pullback; instead, it continued to raise lows and is currently testing the 4340 resistance level.

In the short term, the bulls still hold the dominant position. If it stabilizes above 4340, there is potential for further testing of the 4380-4400 area.

However, after a continuous rally, profit-taking has increased, and the risk of chasing the high is rising. The upward trend remains intact, but as it approaches 4400, a quick pullback of $30-$50 may occur.

Now is not the best point to short or to chase long positions.

The real trading opportunity for gold lies in the 4360-4406 range. If weakness signals appear after reaching this area, I will prioritize short-term and medium-term short positions, with targets first at 4290, then at 4240, and an extreme target at 4180. #TradFiCFD黄金大师赛