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Jin Xiqing: The key support level for gold is exposed! Is around 4140 a good buying opportunity or a downtrend continuation?
Gold is currently testing the 4140-4150 level, seeing if it can hold.
If it really can stand firm here, then you can try to buy around this area.
Those with bigger guts can go directly into the market at 4150-4160.
Currently, gold is in a short-term pullback, but the overall trend is still bullish, don’t get it wrong.
So the overall strategy is to trade within the 4140-4210 range—
Buy low at the lower end of the range, sell high at the upper end.
Wait for the price to rebound to around 4200-4210, then consider shorting it.
But to be honest, if gold suddenly breaks through this range with a big bullish or bearish candle, the strategy is invalid, and I will update again.
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