DeFiAlchemist
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.
View OriginalCurrently, 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.