#黄金 Breaking! After a plunge in the gold early session, hidden secrets emerge, the MUSA conference aids bulls in a desperate counterattack
In today's early session, gold exhibited a wave of fluctuations with initial declines followed by rises. From the 1-hour candlestick chart, it can be seen that gold prices continued yesterday's downward trend during the early session, dropping to a low of 4312. After reaching short-term support, prices stabilized and then slightly rebounded, overall presenting a pattern of low-level fluctuations and consolidation. This early session plunge did not break through the critical support level of 4308; instead, it triggered buying at lower levels, indicating that market bullish sentiment remains strong.
Considering the key news from the inaugural MUSA Developers Conference combined with the early market trends, it appears that afternoon gold bulls will dominate the direction. The new generation GPU architecture and roadmap unveiled at this conference represent a significant breakthrough in the domestic technology sector. Although it may seem to divert funds from the tech sector, amidst the intensifying global tech competition, market risk aversion has not dissipated, and gold's safe-haven attributes continue to attract capital. The early session's testing of lower gold prices has confirmed support below, allowing further accumulation of bullish strength. In the afternoon, gold prices are likely to initiate an upward counterattack, with particular attention to the breakthrough at the 4330 level. Once stabilized, there is potential for a push towards 4350 or even the previous high of 4374.
Disclaimer
This analysis and operational strategy are merely personal views and do not constitute any investment advice. Investment involves risks; caution is required when entering the market.
