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April 7th Gold Morning Latest Trends and Trading Strategies
Last night, gold prices bottomed out at 4600 and then rebounded strongly, with a phase bottom basically formed. The bottoming process is nearly complete, and a new rally could start at any time.
The non-farm payrolls negative impact has been fully digested, and the next is a critical turning point window, with fierce battles between bulls and bears.
Technical rebound signals are clear, with 4600-4620 as the core support, 4580 as a key defense level, and resistance above at 4700-4720.
Trading idea: primarily buy on dips
Buy in stages on pullbacks to 4600-4620, with targets at 4680, 4700, 4750, 4800, and 5000. #Gate广场四月发帖挑战 #假期持币指南 #加密市场行情震荡 #XAU