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#BinanceABCs Gold Market Observation Record
After opening higher in the morning, gold has been quite steady, with the hourly chart consistently showing bullish candles. There haven't been any strong corrections so far, and it has already approached the 4426 level. These two resistance levels (4430 and 4445) were mentioned earlier in the morning, and now it's time to face them.
Overall, the trend remains bullish, and market sentiment is also quite heated. We can only follow the trend. In the short term, the hourly support is around 4390-4394, and the morning low has already moved quite far away.
Since it's almost touching 4430, it might be wise to consider lightening up here, and look for opportunities to go long after a pullback confirmation. Otherwise, today might really turn into a watching game.
**Reference Strategy:**
Short around 4430 → Set stop-loss at 4445 → Target the 4400-4390 range
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