October 20th Gold:
Today, looking at the 4-hour chart, the current trend of gold is quite stable.
The 4700 level above is a very critical threshold. Whether it can break through steadily will directly determine whether gold continues to rise or reverses downward.
Below, around 4650 is a short-term support level. If it cannot hold, it may easily drop further; while 4618 is the lifeline for the bulls— as long as this level is not broken, any decline along the way is just a pause within the upward trend, not a true reversal downward.
Looking at the short-term momentum, the upward drive has not si
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