Enze: Thrilling V-shaped Reversal in Jumping Water! Key Levels for Gold Are Clearly Defined

Yesterday, gold initially surged to 5380 but faced resistance, rebounded from 5374, then retreated, finding support at 5280 and bouncing back to 5335. European stocks plummeted due to significant declines in European markets, breaking below the crucial support at 5280, consecutively dropping through 5200 and 5092, with a low of 4996. During the early hours, prices recovered to 5080-5150, resulting in intense market volatility. Risk control is essential.

On the 4-hour chart, watch for resistance at 5150-5200 above and short-term support at 4990 below, with a key support at 4960. Trading should mainly focus on retracements for buying opportunities, with real-time follow-up at key levels.

Gold Trading Strategy:
- Buy on dips near 5080-5100, add positions if it reaches 4980, with a stop loss below 4960. Target 5150-5200; if broken, hold further.
- Light positions on rebounds in the 5180-5200 range, with a stop loss above 5230. Target 4990-5000; if broken downward, continue holding.

Reminder:
The above analysis is Enze’s personal view. Markets are constantly changing, so always rely on Enze’s actual market signals!