#XAU Gold has retraced to the 4200 position, and the core view of a mid-term wide fluctuation remains unchanged.
Currently, the price is operating between the daily EMA200 support and EMA20 resistance, making it difficult to break out into a one-sided trend in the short term. The tug-of-war between bulls and bears is becoming the norm.
The operational strategy can be one of two options: either sell high and buy low within the range formed by the dual moving averages to take advantage of the fluctuations, or wait for the confirmation of regular patterns such as triangles and wedges before re-entering the market with signals.
There is no need to rush to predict the direction; patiently waiting for the market to provide clear signals is more prudent.
Currently, the price is operating between the daily EMA200 support and EMA20 resistance, making it difficult to break out into a one-sided trend in the short term. The tug-of-war between bulls and bears is becoming the norm.
The operational strategy can be one of two options: either sell high and buy low within the range formed by the dual moving averages to take advantage of the fluctuations, or wait for the confirmation of regular patterns such as triangles and wedges before re-entering the market with signals.
There is no need to rush to predict the direction; patiently waiting for the market to provide clear signals is more prudent.