Gold European Market Trading Ideas
After the gold price found support at the 4200 level in the Asian market's late session, it rebounded to 4218. The core focus during the European session is the key level of 4221: a successful breakout and stabilization above this level would indicate a target range of 4232-4237. Before reaching the high, there may be a slight pullback, so be cautious of changes in momentum.
Current trading range: 4190—4230
Trading strategy: primarily short at highs and long at lows within the range
Key support: 4180 (if breached, look for extended downside)
Key resistance: 4230 (be cautious when chasing buys in this strong resistance area)
While the range is unbroken, stick to a strategy of buying low and selling high, without blindly chasing orders;
After stabilizing above 4221, follow the trend and join the breakout, avoiding counter-trend trades;
