Today's market focus remains on the 5100 resistance level. If it breaks through and rises, we'll see how it unfolds.
For trading, continue to buy on dips. Consider going long in the 4900-4950 range. If the market rebounds first, a short position can be taken in the 5100-5150 range. Remember, this week's data releases are crucial. Before the data releases, watch if the market breaks through resistance levels. If it doesn't, trade within the range. If it breaks through resistance levels, the data releases will likely accelerate the market's movement#GOLD #XAUUSD🚀
For trading, continue to buy on dips. Consider going long in the 4900-4950 range. If the market rebounds first, a short position can be taken in the 5100-5150 range. Remember, this week's data releases are crucial. Before the data releases, watch if the market breaks through resistance levels. If it doesn't, trade within the range. If it breaks through resistance levels, the data releases will likely accelerate the market's movement#GOLD #XAUUSD🚀