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Although the overall market remains weak and volatile, the short-term support around 4700–4685 is relatively solid, making it difficult to break below in the near future.
The spike before the European session has cleared some of the trapped positions and also laid the groundwork for subsequent technical recovery.
At this stage, it is still not recommended to blindly chase short positions; maintaining a range-bound strategy of selling high and buying low is advisable. Previously, from 4693 upward to 4721, a $28 fluctuation range was formed, so it is better to approach short-term movements with caution. $XAU #XAU