The current 10-day moving average below $XAU is 4783, and the Fibonacci retracement level at 61.8% between 4737-4833 at 4774 remains a clear support. It's expected that there will still be fierce competition between bulls and bears before the Walsh hearing tonight!!!

  In terms of operations, the suggestion for the European session is to continue buying around the two levels of 4783 and 4774 for short-term trading.