Gold is currently around 4080. Go long now with a small position!
A sharp drop just pushed the price down to around 4073. The short-term decline was too steep and too fast, creating a strong technical need for an oversold rebound. The 4080 level is the first area where the price may stabilize after the sharp drop, so we can look to catch a rebound.
Trading plan:
Enter a long position at the current price of 4080–4082, using a small position.
Be sure to set a stop-loss: below 4070.
Targets: First 4095–4100; if the price holds above that range, then look to 4110–4120.
$XAU #币安推出BinanceIntelligence
A sharp drop just pushed the price down to around 4073. The short-term decline was too steep and too fast, creating a strong technical need for an oversold rebound. The 4080 level is the first area where the price may stabilize after the sharp drop, so we can look to catch a rebound.
Trading plan:
Enter a long position at the current price of 4080–4082, using a small position.
Be sure to set a stop-loss: below 4070.
Targets: First 4095–4100; if the price holds above that range, then look to 4110–4120.
$XAU #币安推出BinanceIntelligence
