4.6 Morning Gold Analysis



On Monday’s early session, the market fell due to the negative impact of Friday’s Non-Farm Payrolls, with the low reaching 4605 at 8:00 AM.
The key support zone last week is 4580-90. This pullback is mainly driven by news-related factors, and a bottoming rebound is highly likely.

Idea: Pullbacks to buy on the dip are the main focus
Resistance above: 4675-4680 (short-term), 4700-4720 (key)
Support below: 4580-4590 (short-term), 4550-4560 (key)

Trading Recommendations

For aggressive traders: at 4590-4600, buy directly; stop at 4537
Target: 4675-4680; hold if broken

For conservative traders: at 4555-4560, buy after stabilization; stop at 4537
Target: 4675-4680; hold if broken
$BTC $ETH $XAUT
BTC3.01%
ETH3.77%
XAUT-0.64%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin