#XAUUSD❤️ This morning gold opened higher and then fell slightly, with a modest pullback. It’s adjusting on the short-term cycle; the hourly chart suggests a pullback adjustment is needed. The Bollinger Bands are expected to contract and maintain a short-term sideways-to-lower range, and then resume the upward push. On the daily and weekly levels, there has been a continuous streak of bullish closes, clearly forming a visible reversal. Overall, operations should mainly focus on buying on dips. For today, pay close attention to 4305 and 4280 on the downside. On the upside, watch 4340, 4370, and 4500.
For intraday trading: buy around 4305-08, stop loss at 4295, and targets at 4340-4370.