From the 4-hour chart, after overnight rally, the bullish momentum has significantly weakened, and the bearish force has started to take the lead and continue to release. In the short term, the market leans towards a correction. Currently, it is advisable to position short positions at higher levels and seize the downward wave opportunity. Trading suggestion: Short around 4270, targeting 4240-4230-4220#XAU
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XAU Asian Session Analysis
From the 4-hour chart, after overnight rally, the bullish momentum has significantly weakened, and the bearish force has started to take the lead and continue to release. In the short term, the market leans towards a correction. Currently, it is advisable to position short positions at higher levels and seize the downward wave opportunity.
Trading suggestion: Short around 4270, targeting 4240-4230-4220#XAU