Revise Gold Trading Plan
For gold, we are focusing on the short-term support zone of $4415-$4410, with key psychological support at $4390-$4400. We recommend buying on dips to capitalize on the current upward momentum.
On the upside, immediate resistance lies at $4465-$4470. Failure to break through this resistance level could lead to range-bound trading. A break above this area could see a retest of the key psychological level of $4500.
The 4-hour chart shows that the aforementioned support and resistance levels remain valid. Trading strategy: Establish long positions at $4415-$4410; add to positions on pullbacks to $4390-$4400. Specific entry points will be provided in live trading updates.
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