How to view gold next? Currently, the support below is quite strong, tested multiple times without breaking! Short-term consolidation is certain. As long as the previous low of 4124 is not broken, expect a rebound correction! Target near 4350!

Gold has been consolidating in a range for three days since last week’s rally, and the market trend turned with the Federal Reserve decision early this morning. After dovish comments were implemented, there was a deep decline, eventually touching a low around 4124 before slightly rebounding for correction. This week opened lower and then moved higher. After yesterday’s consolidation, it weakened again today! Short-term support is in the 4120-4135 range; support must hold! Look for a rebound correction upward, and if broken, it will open the way for further decline, breaking below the 4000 level! Light positions, strict risk control! $XAUT #预测世界杯英格兰VS加纳