Gold has rebounded quickly to the 4400/4600 range for more than a week since it fell to a low of 4100 last Monday. From the perspective of candlestick analysis, the longer the consolidation, the more favorable it is for a subsequent breakthrough. Currently, the short-term resistance level of 4650 is approaching, while the medium-term resistance level is at 4850/5050. Recently, it should not fall below 4475. There is a high probability that the market will experience a good rebound at the beginning of next month. For now, let's focus on 4850/5050, but we must also be prepared for a sudden drop below 4475, and not be blinded by overly optimistic sentiment. #SpotGold##Gold#
Jiao Bo
The above is purely personal opinion and for reference only, not constituting any investment advice.