Yesterday, gold surged but faced resistance and then plummeted sharply, crashing from 5380 down to 4996, with a daily fluctuation of over 380 points. In extreme market conditions, strict risk control is essential. The price bottomed out and rebounded in the early morning, returning to the 5080-5150 correction zone. The 4-hour chart shows a deep V-shaped reversal with indicator recovery. Watch for strong resistance at 5150-5200, with temporary support at 4990 and key defense at 4960. Trading Recommendations Buy low at 5080-5100, add on dips to 4980, stop loss below 4960, target 5150-5200 Light short positions at 5180-5200, stop loss above 5225, target 4990-5000 The above is only market analysis and does not constitute investment advice. The market carries risks; trade cautiously.
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3.4 Gold Morning Review
Yesterday, gold surged but faced resistance and then plummeted sharply, crashing from 5380 down to 4996, with a daily fluctuation of over 380 points. In extreme market conditions, strict risk control is essential. The price bottomed out and rebounded in the early morning, returning to the 5080-5150 correction zone.
The 4-hour chart shows a deep V-shaped reversal with indicator recovery. Watch for strong resistance at 5150-5200, with temporary support at 4990 and key defense at 4960.
Trading Recommendations
Buy low at 5080-5100, add on dips to 4980, stop loss below 4960, target 5150-5200
Light short positions at 5180-5200, stop loss above 5225, target 4990-5000
The above is only market analysis and does not constitute investment advice. The market carries risks; trade cautiously.