LiKuiDianJin

Gold's short-term key support focuses on the 4600 psychological level. Once it is effectively broken below, there is a high probability that the U.S. trading session will further test the 4550 level.

Gold is still oscillating within the major range: 4670 - 4740, with a narrower range of 4690 - 4720.
U.S. session strategy:
The situation is not yet clear, with no signs of a breakout. Continue to adhere to the strategy of buying low and selling high.
Short positions:
If the market surges to around 4740 - 4750, there will be significant resistance, which is a typical defensive zone for shorting.
For long positions, consider waiting until a pullback to the 4665 - 4675 area.
Currently, it’s about buying low and selling high within the range; avoid chasing orders and position yourself well. #外汇

The market is really harsh when it falls, with a big bearish line getting dumped directly; however, when it rebounds, it’s incredibly weak, just small bullish lines and doji candles going back and forth, clearly the long positions want to hold but lack the strength, while the short positions still hold the initiative. Looking at the trading volume, there’s no significant increase, the strength of this rebound from the long positions is simply not enough to be seen, and in the afternoon, it will most likely still be weak and volatile.
So it's recommended not to randomly catch the bottom in

At the beginning of the month, we have a Black Monday, it seems that the bearish traders are gaining the upper hand this week #十二月行情展望