Gold: Focus on 4805-4861 for high-altitude selling and low-altitude buying tonight



This morning's short at 4809-10 yielded some gains, but the rebound was quick. Fortunately, I was trading short-term and didn't be greedy; I took profits once there was a certain gain. According to the current market, gold is entering a consolidation phase. In the short term, focus on the 4805-4861 range. Tonight, consider going long near 4805 with a stop loss at 4789 and take profit at 4836/4861. Near 4861, you can consider shorting with a stop loss at 4873, targeting 4821-4805. Be mindful of risks.

Buy near 4805-06, stop loss at 4789, take profit at 4836/4861

Sell near 4861, stop loss at 4873, take profit at 4821/4805

The above suggestions are for reference only. More trading decisions should be based on actual market conditions.
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