$XAU
Today let's talk about gold. First, a key point: in the short term, it may need to go down first (consider positioning for shorting).
Because this round of rebound is almost at its end.
Everyone knows: the height of the first rebound basically determines how far this entire segment of rebound can go.
Let's focus on one position:
If gold can rise above 46 and stabilize today, then next week is likely to follow a pullback rhythm, but it also indicates that the possibility of hitting a new low in April is not great.
But if it can't rise above 46 this week or instead falls below 444, then this wave is basically a small rebound, and there is likely to be a deeper decline afterwards, possibly even hitting a new low.
If some negative news is added, dropping to 4300 is also possible.
By the way, the common codes for gold in exchanges are XAU, XAUT, and PAXG, which are essentially assets pegged to gold.
However, no matter how it goes, one thing is relatively certain:
In mid to early April, there is a high probability of a good opportunity to go long.
What needs to be done now is to patiently wait for this first wave of rebound to finish, and then find a more comfortable position to enter.
