📊 Summary:
Gold dropped sharply, reaching near the 4500 level. Pay close attention to this psychological round number. If price breaks below 4500, further downside pressure may emerge.
Today, watch the level at 4677. If price holds above 4677, bullish momentum may continue. If gold fails to hold above 4650, bearish sentiment remains dominant, and the strategy is to sell pullbacks where resistance holds.
Trade carefully, manage risk well, and prioritize capital protection.
🔍 Key Levels to Watch:
• 4700 – Resistance
• 4677 – Resistance
• 4760 – Resistance
• 4664 – Resistance
• 4648–4650 – Bullish/Bearish dividing line
• 4630 – Support
• 4600 – Psychological round number
• 4566 – Support
• 4530 – Support
📈 Intraday Strategy:
SELL: If price breaks below 4641 → target 4635, with further downside toward 4630, 4625, 4619
BUY: If price holds above 4650 → target 4657, with further upside toward 4664, 4671, 4677
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