Gold Market Analysis and Trading Strategies



Yesterday, gold opened lower and then rebounded strongly, closing with a long lower shadow on the daily chart. The support below is strong, combined with the upward trend on the larger cycle, so the overall approach is to buy on dips.

The key support level on the daily chart is around 4700, which is also the low point of the early morning pullback. The support is quite strong; if touched, it’s a good opportunity to go long.
The first resistance above is the trend line at 4790. If it can hold steadily, the upward space may further open up, with at least a $30 increase expected.

Practical Trading Suggestions

• Place long positions around 4760, with a stop loss below 4750, and target initially at 4790

• In the 4790–4820 range, consider taking short positions as opportunities $XAUT #AaveDAO2500万美元拨款提案
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