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Let’s talk about gold intraday~
In the early session, it opened with a gap down. The low dropped to around the 4600 level, an integer psychological support, which then rebounded. Overall, the sentiment still looks slightly bearish. At present, the market has entered a correction phase. The principle that the rebound around the 4800 area last week was a key dividing line of resistance—“if it doesn’t break, it can’t stand”—is in effect. Due to the impact of news as well, it’s very much the case. In the short term, don’t play with conflicting tactics; continue to focus on a short bias (selling on highs)!
On Monday, in the afternoon, refer to the 468 zone and look for the 4580-4460 range. After the down move stabilizes and selling pressure eases, then watch for a rebound move!
If you want to trade gold and you’re playing short-term, stick to the Ultraman mindset! 40 straight wins with no losses! #贵金属承压回落 #Gate广场四月发帖挑战 $BTC $ETH $XAUT