Enze: The perfect alignment of the initial dip followed by a rally matches the forecast, and the gold bulls' rebound arrives as expected

Last week, we had already positioned ourselves for a long on gold. Although the market was closed on Friday, the non-farm payroll data was released as scheduled. The negative data caused a slight pullback at the Monday open, but this did not affect our overall strategy of buying on dips. Early in the session, we directly entered long positions around 4600, which were successfully executed and profit was realized. Those who follow me closely can clearly see that the bulls rebounded as expected, with profits being quite clear.

Looking at the 4-hour gold chart, the key resistance is at 4700-4720 in the short term, while support is at 4590-4600. The critical support zone to watch is between 4550-4560. Our trading approach remains focused on buying on dips. Specific real-time strategies will be provided promptly during trading, so stay tuned.

Gold Trading Strategy:
Buy on dips around 4590-4600. If the price retraces to 4550-4560, add to long positions with a stop loss at 4545. Target 4705-4720. If broken, continue to hold.

Reminder:
The above analysis is Enze's personal view. Markets are ever-changing, so this content is for reference only and does not constitute any investment advice!