Gu Jingci: Gold Trading Strategy for August 18th with Market Analysis

Gold prices rallied again to around 4440 in early trading before retreating. The 4456 level on the daily chart presents short-term resistance, forming a double-top pattern. The daily and four-hour charts show a pullback after the rally, suggesting further downside potential. Short-term trading remains range-bound. Focus on the resistance levels and consider entering short positions in batches below them. Trading suggestion: Enter short positions around 4400-4420, with a target of 4320-4350. Analysis and strategies are for reference only; please bear your own risks. The article's review and publication may not be timely; please refer to real-time updates.