Gold Trading Strategy for Monday

✅ On Friday's US trading session, gold saw a strong upward movement and successfully broke the downward trendline on the 1-hour chart, indicating that bulls are in control of the market. The current short-term pullback is merely a correction and has not changed the overall uptrend. Due to the strong bullish momentum, the short-term pullback does not indicate a trend reversal and, in fact, provides an opportunity for buying on dips.

✅ On the 4-hour chart, gold has experienced short-term consolidation, but the overall trend remains bullish. The MACD is in a strong zone, and the KDJ indicator is still in a bullish zone, suggesting that the price may continue to rise in the short term.
In the short term, there is support around the 3660-3670 region. If the price pulls back to this level, consider buying. If the price breaks above 3685, further bullish movement can be expected.

🔴 Resistance levels: 3702-3707 / 3720-3730
🟢 Support levels: 3660-3670 / 3636-3640

✅ Trading strategy reference:
🔰 If gold price rebounds to the 3702-3705 area, consider selling in batches with a target of 3690-3680, and if broken, look for a further move to 3670.
🔰 If gold price pulls back to the 3665-3670 area, consider buying in batches with a target of 3685-3695, and if broken, look for a further move to 3705.

🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.