Gold US Session: Primarily Short, Secondarily Long

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Gold US Session: Primarily Short, Secondarily LongGoldOANDA:XAUUSDwqwd3110Gold prices rose in the Asian session, testing the 4450 level before turning back, indicating a clear weakening of the current upward momentum. So far, the intraday maximum decline has approached $90. Based on the current market rhythm, there is still room for further downward movement in the short term. The primary strategy for the US session is to sell on rallies. Key resistance is around 4400. If prices rebound to this area and encounter resistance, short positions can be initiated. Support remains in the 4355-65 area where we previously bought gold in the European session. Pullbacks can be used for a second round of long positions. On a larger timeframe, core support is concentrated in the 4300-4250 range, which is also a crucial defensive zone for the current bulls. Short-term strategy: Look for buying opportunities near 4360-65; sell on rallies above 4400.