Market Overview: XAU long positions are getting hit; when hit, stand upright, but this copy trading account still has zero drawdown.

Yesterday, a long order at 4784 was placed, currently floating in loss, with a slight distance from the defense at 4745, temporarily safe and effective.

Just now, the US stock market opened, with all three major indices opening higher; the US-Iran war continues, and the US stock market not only did not undergo a deep correction but also rebounded unexpectedly for Trump.

4794-4784 still appears to be a temporary support zone; the market shows fake breakdowns and recoveries, continuing to look bullish.

From the momentum perspective, each 1H candlestick shows volume-involved upward and downward movements, indicating that bulls and bears are battling back and forth, with the bulls slightly favored over the bears.

With no positions in hand, wait on the right side for the market to retrace above 4794 before going long, with a stop at the previous low of 4745, targeting around 4834 and 4886.

Please kindly follow and like if you pass by; your support means a lot to me. Thank you! The above information is for market analysis only and not for trading execution.