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XAUT April 13 Market Outlook and Trading Recommendations
Analysis
XAUT currently quotes at 4691.90, with a slight intraday pullback of 0.41%. The medium-term bullish trend has not undergone a fundamental reversal, maintaining a high-level oscillating upward pattern overall. Short-term pullback space is limited; the core support zone is between 4640-4690 (a span of 500 points). Use the pullback as a buying opportunity, focusing on long positions during dips as the only core strategy, abandoning short positions for speculation, and concentrating on trend-following opportunities.
Trading Recommendations
Gradually build long positions in the 4640-4690 pullback zone, targeting 4740-4790; if broken through, hold for 4840-4890. $XAUT