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Gold, Bulls Continue to Rebound
Last week, gold did not sustain above 4400 and declined again. Our long-term hold remains unchanged, the defense line at 4000 can still hold, but the rebound cycle will be extended, just using time to exchange for space, that’s how a desperate situation turns around.
Continue holding long-term, and do not miss the swing trades. Intraday support for gold is at 4100, buy on dips above support. If it breaks below support, it will gradually fall back; if it can stabilize above 4200, it will turn a desperate situation into a comeback, with an extreme reversal approaching.
Buy around 4177, target 4300$XAU