Gold Midday Urgent Update: 4570 Holds—That’s the Opportunity! In the Afternoon, Layout Like This
Spot gold is reported at 4572.82, down 0.63% for the day. During the session, it briefly dipped to a low of 4571.80, approaching the lower Bollinger Band support at 4572.65. After rallying to 4611.50 in the morning, it quickly pulled back, and the market continues the weak-ranging consolidation pattern.
Specific Trading Plan
Entry zone: 4585-4590 — place a sell order (if the rebound doesn’t reach that level, wait for a breakdown below 4570 and then chase the short). First target: 4560. Second target: 4550
$XAU
Spot gold is reported at 4572.82, down 0.63% for the day. During the session, it briefly dipped to a low of 4571.80, approaching the lower Bollinger Band support at 4572.65. After rallying to 4611.50 in the morning, it quickly pulled back, and the market continues the weak-ranging consolidation pattern.
Specific Trading Plan
Entry zone: 4585-4590 — place a sell order (if the rebound doesn’t reach that level, wait for a breakdown below 4570 and then chase the short). First target: 4560. Second target: 4550
$XAU
