How should gold be positioned now?
After the market bottomed out at 4385 and rebounded, 4438 above is strong resistance, and it is currently oscillating within a range.
1. If it cannot break above the resistance near 4428-4438, you can try short positions, with 4443 as the stop-loss, and target 4400-4395.
2. If it pulls back to 4395-4400 and stabilizes, you can try long positions, with a stop below 4385, and target 4428-4438.$XAU
After the market bottomed out at 4385 and rebounded, 4438 above is strong resistance, and it is currently oscillating within a range.
1. If it cannot break above the resistance near 4428-4438, you can try short positions, with 4443 as the stop-loss, and target 4400-4395.
2. If it pulls back to 4395-4400 and stabilizes, you can try long positions, with a stop below 4385, and target 4428-4438.$XAU
