Golden Bell Afternoon Analysis
After a morning spike hit resistance, the price has pulled back as expected, currently trading around 4527, with an intraday drop of nearly 1%. The high position pullback rhythm we highlighted this morning has been realized.
We clearly indicated the pullback strategy due to the high resistance earlier, and now the price has broken through the key support area, further confirming a bearish trend. In the short term, the strength of the price rebound is weakening, and any minor pullbacks present opportunities to ride the trend, with the direction of the pullback being clear and the rebound looking to short.
From a timeframe perspective, the 4-hour chart shows a continuous decline in rebound momentum, while the 1-minute chart is exhibiting a consistent downward rhythm. The new key resistance zone is between 4540-4550; if the rebound fails to break through, we will continue to test support below, with focus on the support strength in the 4500-4480 area.
Afternoon strategy reference: Watch for trend-following shorts around the 4535-4550 area, with a stop-loss set above 4560, aiming for targets at 4500-4480; if broken, look to continue downward. #黄金
After a morning spike hit resistance, the price has pulled back as expected, currently trading around 4527, with an intraday drop of nearly 1%. The high position pullback rhythm we highlighted this morning has been realized.
We clearly indicated the pullback strategy due to the high resistance earlier, and now the price has broken through the key support area, further confirming a bearish trend. In the short term, the strength of the price rebound is weakening, and any minor pullbacks present opportunities to ride the trend, with the direction of the pullback being clear and the rebound looking to short.
From a timeframe perspective, the 4-hour chart shows a continuous decline in rebound momentum, while the 1-minute chart is exhibiting a consistent downward rhythm. The new key resistance zone is between 4540-4550; if the rebound fails to break through, we will continue to test support below, with focus on the support strength in the 4500-4480 area.
Afternoon strategy reference: Watch for trend-following shorts around the 4535-4550 area, with a stop-loss set above 4560, aiming for targets at 4500-4480; if broken, look to continue downward. #黄金