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Yesterday morning, gold opened sharply higher, surged to around 4370, then faced resistance and continued to decline, with the lowest dip near 4307. In the short term, the bullish momentum is exhausted, and the overall trend is relatively weak, so the outlook is primarily bearish.
Currently trading around 4322, the short-term strategy for the day is mainly to look for opportunities to sell high. The first key observation is the resistance at 4330-4340; if broken, it will further open the downside space. The key support is at 4310; a break below will further expand the downward potential. The Federal Reserve decision on the 18th of this month is the core turning point for the market. At present, the bearish trend dominates, so avoid blindly bottom-fishing for long positions.
Regarding operations:
In the short term, rely on the resistance at 4340-4370 to lightly follow the trend with a short position. If support at 4310 stabilizes and a strong bullish candle forms, then temporarily adjust the outlook. Keep position sizes controlled and implement proper risk management. $XAU ##TradFiCFD黄金大师赛