Good morning!

All TATA brothers, keep up the good habit of checking in and interacting, wishing those who check in and interact good health, smooth trading, and big profits from stop-loss gains. Today is Wednesday, pay attention to the market bottom repeatedly testing the lows.
At the beginning of the week, the market rebounded after the weekend US-Iran talks influence, then declined again, currently still testing around the 4000 level, overall still weak and volatile.
Yesterday, I reminded that this would be the last support zone in the 4-digit range, which is seen from the 4-hour cycle.
Gold has now reached an important OB support zone at the bottom. If it breaks again and forms an effective breakdown, it will迎接 the 3-digit gold.
But considering the retracement magnitude on the daily chart and the importance of the 4000 level, this is a good left-side accumulation position worth trying.
It's just that currently it is still in a relatively weak left-side bottoming state, with no obvious strong signals.
Last night, it touched resistance at 4140 and pulled back, forming the most recent key resistance today.
Breaking through can alleviate the weakness, but to return to strength, it must stabilize above 4250.
Patience in waiting for this bottom to form, or follow the trend after an effective breakdown.
I will continue to accumulate a left-side position here, and if it effectively breaks down and the weakness continues, I will then cut losses.
If you don’t want to take risks, you can also choose to stay out of the market and wait for signals. $XAU
{future}(XAUUSDT)