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Song Xiqing: Gold falls below 4100! Short-term buy low and sell high, key levels to watch here
Gold has now fallen below 4100, and the short-term outlook remains bearish.
Keep an eye on the previous resistance levels at 4140-4150 above. If it can rebound and break through 4150, the upward momentum may continue, with the next targets at 4180-4200.
Below, watch the support at 4060-4080.
Currently, gold prices are fluctuating around 4095. My short-term plan is:
Wait for it to retrace to the 4060-4080 range, then gradually build small positions in batches.
If it rebounds and reaches around 4140-4150, consider going long.
In the short term, focus on the 4060-4150 range, waiting for a clear direction.
Be cautious, don’t rush to act; wait for the right $BTC opportunity.