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Gold 500 Today Strategy
The first scenario during the day is a continuous fluctuation starting at 6 a.m., with the range still around 4683 to 4720.
The Tokyo session might reach 4730, but the main focus is on the 9 a.m. Shanghai Gold opening.
During this time, pay attention to crude oil fluctuations; if crude oil futures return to around 88, Shanghai Gold will surge to 4750, or even test 4780 again.
This is a good short-sell position within 30 minutes, but watch the stop-loss.
The second scenario is that at 6 a.m., the market fluctuates downward, with the range moving to within 4668-4700.
In this case, the Tokyo session will be quiet, and when Shanghai Gold opens at 9 a.m., there is a certain probability of a decline, testing lows below 4668, at 4650 or 4630.
I have mentioned this position many times before, but the bulls are very strong, and the bears have tried many times without success, so the second possibility is less likely.
Personal advice, for reference only, trade with stop-loss.
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The market is expected to follow the second scenario.