October 20th Gold:

Today, looking at the 4-hour chart, the current trend of gold is quite stable.
The 4700 level above is a very critical threshold. Whether it can break through steadily will directly determine whether gold continues to rise or reverses downward.
Below, around 4650 is a short-term support level. If it cannot hold, it may easily drop further; while 4618 is the lifeline for the bulls— as long as this level is not broken, any decline along the way is just a pause within the upward trend, not a true reversal downward.
Looking at the short-term momentum, the upward drive has not significantly weakened, and with the current favorable international environment for gold, the medium-term outlook remains bullish.
In terms of trading, don’t buy impulsively based on emotions; follow the trend.
It is recommended to look for opportunities to go long around 4650, with initial targets at 4690-4710 for take profit; if the market can strongly break through 4700, there’s still a chance to reach 4750!