Above-evening gold short-term pressure can be watched around 4600-4605. The main pressure area is still around 4630 near the upper edge of the channel, but the likelihood of testing that level again is still not high unless there is an unexpected fundamental situation. The main evening trading idea is still to look for a consolidation pullback. Below, 4560-4550 will likely see tug-of-war. In the near term, the main target remains around 4530-4520, near the 20-day moving average support.
In terms of execution, for the evening gold you should still focus on taking short positions at higher levels. If you already have intraday short orders, continue to hold them while moving the stop to break-even. For those currently flat, you may consider a small-size short near 4600-4605, with a temporary stop at 4610; targets are to reduce positions and take profit around 4580-4570. The remaining positions can be kept with the expectation of a later pullback to 4530-4520.
If price unexpectedly holds above 4610, you still should not chase longs. If the upside is tested in the 4620-4630 area, adjust your short strategy intraday according to actual conditions. But do not try to go long just because of that. At this stage, it is preferable to be short but not long—unless tonight price directly drops to around 4530-4520 and shows signs of stabilization, then you may consider a short attempt at going long. #黄金
In terms of execution, for the evening gold you should still focus on taking short positions at higher levels. If you already have intraday short orders, continue to hold them while moving the stop to break-even. For those currently flat, you may consider a small-size short near 4600-4605, with a temporary stop at 4610; targets are to reduce positions and take profit around 4580-4570. The remaining positions can be kept with the expectation of a later pullback to 4530-4520.
If price unexpectedly holds above 4610, you still should not chase longs. If the upside is tested in the 4620-4630 area, adjust your short strategy intraday according to actual conditions. But do not try to go long just because of that. At this stage, it is preferable to be short but not long—unless tonight price directly drops to around 4530-4520 and shows signs of stabilization, then you may consider a short attempt at going long. #黄金
