Enzel: Structural Repair Rebound, Early for Bulls to Restart

Gold is currently dominated by repair movements. After touching the 4100 level and rebounding on Monday, it closed positive on Tuesday, with bulls continuing to push higher on Wednesday. Daily charts are likely to continue closing positive, and the daily-level bullish trend is gradually stabilizing, entering a high-level oscillation phase.

Yesterday morning, gold prices broke through 4512, with the rebound continuing as expected. The market is hotly debating whether bulls are restarting. From a technical perspective, it's still premature. The weekly adjustment pattern remains unchanged—currently it's only a structural repair rebound, and the cyclical adjustment still requires consolidation between bulls and bears.

Overall trend-wise, bears still have room. Key resistances above include 4635-4650 short-term resistance, 4780-4790 key resistance, and 4800-4810 bulls-bears dividing line resistance; below, watch 4500-4490 short-term key support, which is the core battleground for bulls and bears. Specific operational strategies during the session will be provided in real-time.

Gold Trading Strategy

Sell short near 4630-4650 line, add shorts at 4670-4690, stop loss at 4710, target 4505-4500, continue holding if broken;

Buy long near 4490-4500 line if stabilized, add longs at 4460 line, stop loss at 4445, target 4630-4635, continue holding if broken.

Reminder:
The above analysis is Enzel's personal analysis. The market is ever-changing; this content is for reference only and does not constitute any investment advice!
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