Enze: Gold surges midday, latest analysis of ideas



Gold retraced as expected within the 4830-4850 range, with the trend perfectly aligning with previous predictions, showing a clear short-term downward pressure.

The current market focus is on the 4800 psychological level and the two-day key support at 4780, which is an important defense line for the bulls.

Trading ideas

Conservative strategy: Hold the 4780 level without breaking, buy on dips in batches, targeting 4840-4850; if a strong breakout above 4851 resistance occurs, the bulls may continue to push higher; if encountering resistance during the rebound, consider short positions.

Aggressive strategy: Lightly try long positions in the 4800-4810 range; if the price continues to decline, add to positions above 4780 with the trend, strictly controlling position size and stop-loss.
BTC1,05%
XAUT0,28%
View Original
post-image
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