GOLD: Maintain a Strategy of Entering Buy Positions After Pullbacks
Hello everyone! Today i want to share some macro analysis with you!
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(October 13) Gold: Given the structural support from geopolitical risks and continued ETF inflows, pullbacks in gold present buying opportunities. $Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$
Keep a close eye on the 4,200 psychological level: As the price approaches this round number, some long positions may choose to take profits, leading to increased market volatility; be sure to manage your positions carefully.
First resistance level: The 4,200 psychological round number!
First support level: 4,191–4,192.
Maintain a strategy of entering buy positions after pullbacks!
Strategy: Buy: 4,188–4,192 TP: 4,210–4,215 SL: 4,170
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