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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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Your fa
The afternoon gold price fluctuated around 4380, with the rhythm meeting expectations. As we entered the European session, a pullback and correction indeed occurred, leaving ample room for the US session to build momentum.
Currently, the short-term resistance zone is stuck between 4400-4420. Whether this line can hold directly affects whether this rally can continue. Looking downward, support is at the 4360-4340 area. In a strong intraday situation, it theoretically shouldn't drop to that level. As long as the price stabilizes here, there is still a chance to push higher during the US session.
In trading, you can wait for a pullback to the support zone to stabilize before gradually entering long positions. If the market gains momentum and breaks through 4380, you can aim for 4400-4420. The key is to hold your position and not rush or panic, watching how the market develops afterward.