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Gold Intraday: High-Level Consolidation, Key Inflection Point Identified
Gold prices maintained high-level consolidation intraday, rising to 4602 during the Asian session before pulling back slightly. Short-term bullish momentum has slowed somewhat, with overall consolidation on the strong side. 4530 serves as the intraday short-term inflection point—holding above it suggests continued bullish consolidation, while breaking below it targets the 4500 strong support level. No clear directional trend at this time.
Trading Recommendations
Buy near 4535-4545, target 4580, watch for breakout toward 4630
Investment carries risk; please trade carefully.
For reference only, not constituting advice!!!
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