Based on the 4-hour chart, effective support remains near 3627-3633, which is currently a key defensive support level. If this level continues to fall, the bullish and bearish biases may shift in the future. Key resistance from above remains at 3690-3700. Strategically, position your long and short positions within this range. In the middle, be cautious about buying and follow orders, patiently waiting for key entry points. I’ll provide detailed trading strategies during the trading session, so stay tuned.
Go long on gold if it retraces to 3627-3633, targeting a return to the 3690-3700 range, with a breakout target at 3710.
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