Gold has suddenly surged this round—so is it just a rebound, or an actual reversal!



Since yesterday, the gold price has been climbing steadily. Although there were brief pullbacks in the middle, the strong upward move has continued in the US trading session.

Starting from around the 4000 level, it has been rising all the way. It currently has reached a high around 4140, up by $140.

Investors have been buying on dips, and gold has formed strong support at 4000. This same phenomenon appeared last week as well.

Geopolitical developments have also driven safe-haven sentiment, which led to this rebound, but we should not be overly bullish at this time.

Trade suggestion: short around 4125 and 4135, with targets at 4080 and 4030. $BTC #美光涨超12%
BTC-0.34%
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