Enze: Last week, Duotou achieved a comprehensive victory, and this week we continue to proceed with our strategy first.

Last week, we stayed committed to going long all the way. The confidence comes not only from precise judgment of the market’s price action, but also from our solid professional foundation. We repeatedly pulled back to set up long positions, and both our entry levels and target ranges were delivered as scheduled. This achievement would not have been possible without everyone’s long-term trust and companionship. I sincerely thank each and every friend for your support and attention!

From the 4-hour price action perspective, this week’s gold price ended with a tight-range consolidation, signaling that next week’s opening is likely to first pull back before rebounding. This week’s weekly chart closed bullish. Next week’s overall plan still mainly focuses on buying on pullbacks. We need to be alert to increased volatility in a one-way market and pay attention to risk control.

The short-term resistance level is around 4890—4900. The key support below is around 4700—4715. In terms of trading, continue to arrange long positions based on pullbacks to lower levels. The real-time strategy will be prompted promptly during the session—please keep an eye on it and follow through.

Gold trading strategy:
Buy longs in the 4720—4730 zone on a pullback. If there is a further pullback to 4700—4715, you can add to the long positions. The stop-loss is set consistently at 4693. The targets are 4830—4850. If the level breaks, you can continue to hold and look higher.

Reminder: Investment involves risk. Enter the market cautiously. The analysis above is for reference only and does not constitute investment advice!
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