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Currently, XAU/XAG investors are very excited, and the situation across the strait is almost to the point of openly stopping, just stubbornly clinging to face!
Since March 23, gold and silver have both been in a rebound cycle, but the strength and weakness are clearly differentiated: gold's rebound is stronger, while silver is relatively weaker.
Gold: Watch the resistance zone and wait for a pullback to go long
Key resistance: Focus on the black resistance zone shown in the chart. If it cannot be effectively broken through, the area around 4858 may become the end point of this rebound.
Trend forecast: Even if it breaks through the black zone, gold has already entered the late stage of the rebound, most likely peaking at the first black zone above and then turning back.
Operation strategy: After the pullback ends, it is a good opportunity to go long. This strategy is based on the premise that 4100 is the stage low.
Silver: Focus on shorting at the end of the rebound
Trend forecast: After this rebound ends, silver is more likely than gold to fall below the previous low.
Operation strategy: If a rebound top signal appears recently, it will provide a good shorting opportunity.#XAU $XAUT