Buy Gold on Dips

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Buy Gold on DipsGold / U.S. DollarFOREXCOM:XAUUSDGolden_Goals The past trading day in the gold market was a true "heart-stopper," perfectly exemplifying the extreme volatility that comes with a non-farm payroll week coupled with geopolitical risks. Overnight, the market experienced a wild roller-coaster ride: The daily chart ultimately closed with a medium bearish candle featuring upper and lower shadows. During the U.S. session in particular, gold prices plunged suddenly. While partly dragged down by silver's weakness, the move also revealed a lack of confidence at higher levels. Despite a flurry of geopolitical news hitting the tape during the U.S. session, gold fell sharply without looking back. This scene felt more like a deliberate stop-hunting operation—specifically targeting the long positions clustered near the price gap, putting traders' mental fortitude to the ultimate test. However, the broader trend remains firmly in the hands of the bulls. It's worth noting that after the sharp sell-off, the rebound on the 4-hour chart was very swift. This indicates that buying interest at lower levels remains robust, and this short-term pullback does not alter the medium-term upward structure. 【Trading Strategy for the Asian/European Session Today】 Based on the strong rebound following yesterday's rapid decline, the strategy for today's Asian and European sessions should primarily focus on buying on dips. There might be opportunities for short-term shorts when prices rebound to the first dense resistance zone above. Today's Focus Range: 5320 - 5420 【Specific Trading Suggestions】 Long Strategy: Consider buying long on a pullback to the 5320 - 5330 area. Risk Control: Place a strict stop loss below 5300. Target: Initially look at the 5390 - 5400 zone. If prices break through strongly, you can consider holding the position. Short Strategy: The area around 5420 above is the first dense resistance zone. If the price rebounds to this level during the European session and shows signs of stalling, you could attempt a light short position, targeting a return to the lower end of the range.