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Gold White Session Market Analysis and Countermeasures
Gold formed two daily candles with long lower shadows (golden needle probing bottom), laying the foundation for a rebound. On the 4-hour cycle, the MACD indicator is converging again, approaching the zero line. As time passes, it will soon turn positive, indicating a bullish trend. Comprehensive analysis concludes that after repairing various short-term technical indicators, gold will rebound upward again.
During the white session, the key support area for pullback adjustment is the 4025-4035 region. In this area, consider placing long positions with a target of 4090-4100.
Since the white session is characterized by range-bound trading, most strategies focus on defending positions. You can enter long positions when a bottom structure forms on the 15-minute chart.
As both monthly and weekly levels are in a correction phase, wide intraday fluctuations on the daily level are normal. Before the daily-level rebound is over, the main strategy is to buy on dips.