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Enze: Enze's forecast is coming true again! The strategy of buying on dips in gold remains unchanged, with the target directly at 4900.
Recently, gold's price movement has fully aligned with my prediction. Every time, the market provides opportunities to buy on dips. This time, it also retraced to the support zone around 4695-4700. After hitting bottom, the bulls rebounded as expected. I have repeatedly reminded everyone not to blindly chase longs to avoid technical corrections causing passive losses.
Today, focus on the short-term support at 4695-4700, as well as the key support near 4670. Recently, the entry points for long positions have been precisely identified, and those who have been paying attention can see the bulls rebounding as expected, with clear profits. Trust Enze to help you get out of difficulties! If your recent trades haven't been ideal, feel free to reach out to Enze for advice and avoid detours.
From the 4-hour chart, the Bollinger Bands are generally flattening, and gold prices can rely on the middle and lower bands to set up long positions. Short-term resistance is around 4890-4900, with immediate support below at 4690-4700. Pay close attention to the support strength around 4670-4680. The strategy remains to buy on dips, with real-time tips provided during trading. Please stay tuned.
Gold Trading Recommendations:
Buy on dips around 4695-4700, add positions around 4670-4680, with a stop loss below 4660. Target 4885-4900. If broken, continue holding.
Reminder:
The above analysis is Enze's personal view. Markets are ever-changing, and this content is for reference only. It does not constitute any investment advice!
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