GOLD Intraday Trading Outlook

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GOLD Intraday Trading OutlookGOLD (US$/OZ)TVC:GOLDChuck_WilsonOur intraday trading strategy remains largely consistent with yesterday's. Although short-term resistance persists and the technical outlook is gradually turning bearish, weak market volume and unclear direction mean we are awaiting a breakout from the key 4600-4700 pivot range that has dominated recent price movements. Over the past two trading days, prices have oscillated between the 4600 support level and the 4700 resistance level, providing ample opportunities for intraday short-term trading. Whether you went long at 4600 or short at the resistance level of 4700, both positions have presented considerable profit opportunities. Yesterday, prices repeatedly failed to break through the 4700 resistance zone, significantly increasing the likelihood of a break below 4600. Therefore, we maintain our high-probability shorting strategy for today. Trading Strategy Short Entry Point: 4680 Gradual Entry Range: 4700–4710 Stop Loss: 4725 (above recent resistance) Initial Profit Target: 4600–4620 support zone A break below 4600 could trigger further downward momentum towards 4555–4500. If 4600 holds, the trading strategy will revert to the mean reversion range, fluctuating between 4600 and 4700, awaiting natural price action. XAUUSD XAUUSD XAUUSD XAUUSD