Enze: Gold surges higher at midday, latest outlook analysis



Gold pulled back as expected from the 4830-4850 range, and the price action fully matches the prior forecast, with a clear short-term pullback under pressure.

The current market’s key focus centers on the 4800 psychological level, as well as the two-day key support at 4780; this level serves as an important defense line for the bulls.

Trading approach

Steady strategy: Hold 4780 and do not let it break; buy on dips in batches, with targets looking toward 4840-4850. If there is a strong breakout above the 4851 resistance, the bulls may be able to continue pushing higher. If the rebound meets resistance and comes under pressure, you may consider positioning short orders when the opportunity arises.

Aggressive strategy: Lightly test long positions in the 4800-4810 range; if the price continues to fall further, you can add to the position above 4780 in a trend-following manner, while strictly controlling position size and stop-loss.
$BTC $XAUT ‌ ‌
BTC0,71%
XAUT0,14%
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