$XAU
Good morning, brothers.
As expected, yesterday saw a strong rebound. Today’s strategy is as follows.
Key focus:
Pay close attention to the 4100 level and the 4060–4080 range. If it stabilizes, continue going long, targeting 4160 and around 4200.
Today, and even this week, as long as it does not break below 4040, it remains a rebound market.
If it breaks below 4100, you can take a short position in the short term, targeting 4060–4080. If it breaks below 4040, this rebound for the current cycle is completely over—then focus on shorting again. The main target is the previous low.
Good morning, brothers.
As expected, yesterday saw a strong rebound. Today’s strategy is as follows.
Key focus:
Pay close attention to the 4100 level and the 4060–4080 range. If it stabilizes, continue going long, targeting 4160 and around 4200.
Today, and even this week, as long as it does not break below 4040, it remains a rebound market.
If it breaks below 4100, you can take a short position in the short term, targeting 4060–4080. If it breaks below 4040, this rebound for the current cycle is completely over—then focus on shorting again. The main target is the previous low.