Gold has decisively broken below the 4220 support level, and the downward trend continues.
It is only a matter of time before gold falls below 4200.
Short-term trading strategy: Focus on selling into rallies.
Support near 4200–4210 is holding for now; one could attempt to open a long position (using a small position size).
For a more conservative approach, wait for gold to rally and face resistance at higher levels before going short.
Watch for resistance near 4255–4265 and 4285–4300; these are excellent levels to enter short positions.
Please be patient; do not enter the market blindly—wait for the right opportunity.
It is only a matter of time before gold falls below 4200.
Short-term trading strategy: Focus on selling into rallies.
Support near 4200–4210 is holding for now; one could attempt to open a long position (using a small position size).
For a more conservative approach, wait for gold to rally and face resistance at higher levels before going short.
Watch for resistance near 4255–4265 and 4285–4300; these are excellent levels to enter short positions.
Please be patient; do not enter the market blindly—wait for the right opportunity.
