10.9 Friday Gold Early Report
From the current market positioning, the trend has continued to decline recently. At the 4-hour level, after the insertion at 4066, a clear bullish signal from the rising star has appeared. The price action has already shown a three-day sequence of rising candles. Support at 4100 is clearly strong. Going forward, if the price can effectively break through the 4180 resistance level, there will still be further upside potential!
Recommendation:
On pullbacks near 4120-4110, enter, targeting 4160-4180
#xau
From the current market positioning, the trend has continued to decline recently. At the 4-hour level, after the insertion at 4066, a clear bullish signal from the rising star has appeared. The price action has already shown a three-day sequence of rising candles. Support at 4100 is clearly strong. Going forward, if the price can effectively break through the 4180 resistance level, there will still be further upside potential!
Recommendation:
On pullbacks near 4120-4110, enter, targeting 4160-4180
#xau