Many people are still worrying tonight about that bearish oil-price chain of signals, but I’m more concerned about the moving average right under my feet—price is steadily holding above the 5-day line at 4069, and that’s the real short-term confidence.
As of now the chart is around 4170. The upper target is first at 4189—only if it breaks through with volume can the upside room be considered opened. The lower level is 4097: if it holds, the bias stays slightly bullish and we can look for a rebound; only after a clear breakdown should we talk about weakness being in control.
Among today’s 93 signals, two chains—geopolitics and monetary policy—are both leaning bullish. As for the oil-price side, one tree can’t support the whole forest. Overall, the bulls have a slight edge, but I don’t recommend chasing. Waiting for a pullback closer to the lower boundary to look for opportunities will feel more comfortable 📌
If you find this useful, tap follow—if anything changes on the evening order book, I’ll keep updating.
$PAXG #黄金 #黄金分析
As of now the chart is around 4170. The upper target is first at 4189—only if it breaks through with volume can the upside room be considered opened. The lower level is 4097: if it holds, the bias stays slightly bullish and we can look for a rebound; only after a clear breakdown should we talk about weakness being in control.
Among today’s 93 signals, two chains—geopolitics and monetary policy—are both leaning bullish. As for the oil-price side, one tree can’t support the whole forest. Overall, the bulls have a slight edge, but I don’t recommend chasing. Waiting for a pullback closer to the lower boundary to look for opportunities will feel more comfortable 📌
If you find this useful, tap follow—if anything changes on the evening order book, I’ll keep updating.
$PAXG #黄金 #黄金分析