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April 9 XAUT (Gold) Market Outlook and Trading Recommendations
Market Outlook
Gold surged with high volume yesterday, with a single-day gain of 2.26%, and volume of 648 million. Bullish momentum has been fully released, and the short-term trend is clearly biased to the upside. Current price is holding above the 4730 level. The 4800-4850 area overhead is a stage of resistance, while 4680-4700 below is the core support range. The overall trend is upward. In the short term, there is a need for a pullback. The strategy is mainly to buy on pullbacks at lower levels, and be cautious about chasing highs.
Trading Recommendations
Pull back to 4680-4700 and buy in batches, targets 4780-4820#黄金白银走高 $BTC $ETH $XAUT