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Good afternoon, crypto friends. Today, let's talk about the 1-hour technical trend of London Gold 👇
- RSI indicator, around 66, is in a neutral to slightly bullish zone, with room for bullish momentum to continue
💡 Conservative trading strategy
- Long: Buy on dips and stabilize around 4450-4480, with a stop loss below 4400, target 4580-4600
- Short: Resist on rebound at 4600-4620, with a stop loss above 4650, target around 4480-4400
⚠️ Risk Reminder
Currently still in a consolidation and correction phase, the trend has not fully reversed. Do not chase positions with heavy leverage. Wait for a confirmed breakout of key levels and then follow the trend to continue with the breakout.