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Gold surged in the afternoon yesterday then weakened, dropping to around the 4695 low for support. Subsequently, the bulls initiated a rebound correction, and it is now trading around 4720. In the short term, the downward momentum is gradually exhausted, with clear support below. The bulls are beginning to counterattack, the rebound trend is established, and a pullback is an excellent opportunity to go long.
Trading Suggestions
Buy directly on the pullback to the 4670-4700 range, with the first target at 4745. If broken, then look at the 4775-4805 range. $XAUT #美伊二轮谈判进展