After gold prices surged to $4,304 in the morning session, profit-taking selling pressure caused a slight pullback. Around noon, gold tested today’s low near $4,245. Later, when the European session opens at 4 p.m., if gold breaks below today’s low around $4,245, it cannot be ruled out that gold will test the previous range’s upper boundary at $4,200.
However, the overall pullback in gold prices remains relatively weak. Before a confirmed break below that level, there is no need to be overly aggressive in taking a bearish view on gold. For afternoon trading, I still recommend mainly buying on pullbacks.
Afternoon trading recommendation: Set up long positions near $4,245 on the pullback, with $4,280 as the exit level! $XAUUSD #黄金 #伦敦金 #现货黄金
However, the overall pullback in gold prices remains relatively weak. Before a confirmed break below that level, there is no need to be overly aggressive in taking a bearish view on gold. For afternoon trading, I still recommend mainly buying on pullbacks.
Afternoon trading recommendation: Set up long positions near $4,245 on the pullback, with $4,280 as the exit level! $XAUUSD #黄金 #伦敦金 #现货黄金
