#黄金
黄金
3.6M views
23,128 Discussing
Hot
Latest
Partly True
If the US military really takes action against Iran tonight, will gold rise or fall? The intuitive answer may not be the right answer for this round of the market.
First, the news itself: At 00:07 Beijing time on July 9, the US Secretary of War made a statement—if Trump orders it, the US will strike Iran tonight. Pay attention to the wording: this is still a threatening remark of “if ordered,” not that the attack has already begun.
But the direction of the signal is slightly bearish. The logic is not complicated: Iran is an oil-producing region; the risk of attacks rises, and the first thing to be pushed up is the risk premium in oil prices. In this round, the market is more afraid of the knock-on effects of a spike in oil prices than it is of rushing to buy safe-haven assets—so gold is actually under pressure. If you hold PAXG, you may want to pay extra attention tonight.
Next, watch one thing: whether Trump truly issues the order, and the magnitude of oil price’s reaction. If it stays at the level of verbal threats, the impact may be digested quickly.
Do you think this is “the boy who cried wolf,” or will gold’s old safe-haven playbook return? 🤔
#黄金
First, the news itself: At 00:07 Beijing time on July 9, the US Secretary of War made a statement—if Trump orders it, the US will strike Iran tonight. Pay attention to the wording: this is still a threatening remark of “if ordered,” not that the attack has already begun.
But the direction of the signal is slightly bearish. The logic is not complicated: Iran is an oil-producing region; the risk of attacks rises, and the first thing to be pushed up is the risk premium in oil prices. In this round, the market is more afraid of the knock-on effects of a spike in oil prices than it is of rushing to buy safe-haven assets—so gold is actually under pressure. If you hold PAXG, you may want to pay extra attention tonight.
Next, watch one thing: whether Trump truly issues the order, and the magnitude of oil price’s reaction. If it stays at the level of verbal threats, the impact may be digested quickly.
Do you think this is “the boy who cried wolf,” or will gold’s old safe-haven playbook return? 🤔
#黄金
See translation
7月9日纳财夫人-黄鱼早评
超碟后低位震荡修复，短线反弹空间有限
1.从盘面回顾来看金价昨日大跌下探4021低点后止跌修复，早盘现价4075.64横盘整理。小时线金价运行在布林中轨4080下方，布林带整体向下开口，短期反弹承压均线，虽空头动能有所衰减，但整体下跌趋势并未反转。上方短线阻力4080、4141，下方支撑4020。
2.从消息面来看美元依旧维持高位运行，持续压制金价多头反弹力度，本次回升仅为大跌后的技术性修复，市场缺乏重磅利多消息，反弹过后仍有再度走弱风险。
策略：
反弹4070-4085做箜，目标先看4020，3090。
注：思路仅供参考，不构成任何投资建议。#黄金
超碟后低位震荡修复，短线反弹空间有限
1.从盘面回顾来看金价昨日大跌下探4021低点后止跌修复，早盘现价4075.64横盘整理。小时线金价运行在布林中轨4080下方，布林带整体向下开口，短期反弹承压均线，虽空头动能有所衰减，但整体下跌趋势并未反转。上方短线阻力4080、4141，下方支撑4020。
2.从消息面来看美元依旧维持高位运行，持续压制金价多头反弹力度，本次回升仅为大跌后的技术性修复，市场缺乏重磅利多消息，反弹过后仍有再度走弱风险。
策略：
反弹4070-4085做箜，目标先看4020，3090。
注：思路仅供参考，不构成任何投资建议。#黄金
Last night, the market saw a push higher, rallying to a peak at 4180. Price directly rode the upper Bollinger Band. After the bulls’ momentum clearly ran out, the market showed noticeable pressure, and the candlesticks consecutively closed as pullback bearish candles. At around 2:00 a.m., a sudden piece of negative news amplified the sell-off, and the chart quickly swung into a sharp drop. This morning, the low fell to around 4092.34, which is right on the key support near 4100 that we previously focused on.
Looking at the 15-minute Bollinger Band behavior, during the decline, price kept tracking along the lower band. After short-term oversold conditions, there has already been a pause in selling and a small upward candlestick. At the support area, the buying/holding power has become evident. As I mentioned earlier, the 4100 zone is a tightly clustered support area formed from prior lows. When price drops into this region, there’s no need to panic excessively. It’s suitable for scaling in to place long positions and bet on a rebound.
A short-term upside attempt is fine, but as for the bigger trend, I will still hold the view that it remains bearish. I’ve mentioned more than once that gold will make new lows—everyone should manage risk accordingly.
$XAU $XAUT #黄金 #黄金下跌 $LAB
Looking at the 15-minute Bollinger Band behavior, during the decline, price kept tracking along the lower band. After short-term oversold conditions, there has already been a pause in selling and a small upward candlestick. At the support area, the buying/holding power has become evident. As I mentioned earlier, the 4100 zone is a tightly clustered support area formed from prior lows. When price drops into this region, there’s no need to panic excessively. It’s suitable for scaling in to place long positions and bet on a rebound.
A short-term upside attempt is fine, but as for the bigger trend, I will still hold the view that it remains bearish. I’ve mentioned more than once that gold will make new lows—everyone should manage risk accordingly.
$XAU $XAUT #黄金 #黄金下跌 $LAB
The Middle East’s powder-keg tension was put down by Trump himself. In a piece of data from Jin10 on July 9, Trump said he does not believe there will be another war with Iran, and he has no intention of fighting a prolonged war.
These remarks are actually quite directly transmitted to gold: when war expectations cool off, the risk premium embedded in oil prices moves lower. The market, above all, fears the script of “oil prices fueling inflation and forcing the Fed to keep going.” With that outcome looking less likely, markets breathe a sigh of relief—under this logic, conditions for gold prices are relatively favorable right now. Remember how gold prices actually fell when tensions in the Middle East flared not long ago? What the market feared was never the fighting itself—it was oil wells getting disrupted and pushing inflation higher. Now, this hand has loosened its grip first.
Of course, a verbal statement doesn’t mean the situation has been resolved. Going forward, watch two things: whether Iran accepts what’s been said, and whether the risk premium in oil prices truly continues to decline.
How much respect do you think $PAXG will give to this “not fighting” statement? 💬
#黄金
These remarks are actually quite directly transmitted to gold: when war expectations cool off, the risk premium embedded in oil prices moves lower. The market, above all, fears the script of “oil prices fueling inflation and forcing the Fed to keep going.” With that outcome looking less likely, markets breathe a sigh of relief—under this logic, conditions for gold prices are relatively favorable right now. Remember how gold prices actually fell when tensions in the Middle East flared not long ago? What the market feared was never the fighting itself—it was oil wells getting disrupted and pushing inflation higher. Now, this hand has loosened its grip first.
Of course, a verbal statement doesn’t mean the situation has been resolved. Going forward, watch two things: whether Iran accepts what’s been said, and whether the risk premium in oil prices truly continues to decline.
How much respect do you think $PAXG will give to this “not fighting” statement? 💬
#黄金
7.9 Jianing Morning Analysis:
Current quote is around 4075. Overnight gold prices fell sharply and closed with a large bearish candle. In the early hours, the low dipped to around 4021. The rebound strength has been weak.
From a technical perspective, Bollinger Bands across various timeframes are entering a repair phase. The lower band gradually turns upward. Gold has stabilized around the Bollinger middle band at 4075. In the short term, there is room for a rebound and corrective move, but the upper Bollinger band is likely to exert resistance.
On the news front, yesterday’s bearish data impact has already been fully digested. A slight pullback in the US dollar has provided rebound support for gold. In this morning’s market, price action is mainly expected to be range-bound and corrective, with no momentum indicating a one-way move.
If the price rebounds to the 4085—4105 range, consider buying.
Targets are around 4065, 4035, and 3990. #外汇黄金 #黄金
Current quote is around 4075. Overnight gold prices fell sharply and closed with a large bearish candle. In the early hours, the low dipped to around 4021. The rebound strength has been weak.
From a technical perspective, Bollinger Bands across various timeframes are entering a repair phase. The lower band gradually turns upward. Gold has stabilized around the Bollinger middle band at 4075. In the short term, there is room for a rebound and corrective move, but the upper Bollinger band is likely to exert resistance.
On the news front, yesterday’s bearish data impact has already been fully digested. A slight pullback in the US dollar has provided rebound support for gold. In this morning’s market, price action is mainly expected to be range-bound and corrective, with no momentum indicating a one-way move.
If the price rebounds to the 4085—4105 range, consider buying.
Targets are around 4065, 4035, and 3990. #外汇黄金 #黄金
7.9 Gold Morning Review: Minor Repair from Low Levels, Weak Bias in the Short Term
Market Recap: Gold prices continued to fall earlier, probing the 4021 low. They are now rebounding slightly and consolidating in a range. However, the rebound strength is limited, and the overall bearish-dominant structure remains unchanged.
Technical Analysis: The 1-hour Bollinger Bands are opening downward. Upper band: 4131.15, middle band: 4076.52, lower band: 4021.89. Price is trading below the middle band, under pressure. On the 30-minute chart, the Bollinger Bands are also moving downward: upper band 4099.45, middle band 4067.04, lower band 4034.62. The RSI for both periods stays in a neutral range, with only slight indicator recovery.
Short-Term Resistance: 4099, 4131. Short-Term Support: 4034, 4021.
Keko’s Suggestion: For today, favor selling on rebounds. Look for short entries around 4085–4100, with targets at 4065 and 4035. After prices stabilize near the lows, consider setting up long positions again. Operate with strict stop-losses.
Disclaimer: The above is only personal opinion and does not constitute investment advice.#黄金
Market Recap: Gold prices continued to fall earlier, probing the 4021 low. They are now rebounding slightly and consolidating in a range. However, the rebound strength is limited, and the overall bearish-dominant structure remains unchanged.
Technical Analysis: The 1-hour Bollinger Bands are opening downward. Upper band: 4131.15, middle band: 4076.52, lower band: 4021.89. Price is trading below the middle band, under pressure. On the 30-minute chart, the Bollinger Bands are also moving downward: upper band 4099.45, middle band 4067.04, lower band 4034.62. The RSI for both periods stays in a neutral range, with only slight indicator recovery.
Short-Term Resistance: 4099, 4131. Short-Term Support: 4034, 4021.
Keko’s Suggestion: For today, favor selling on rebounds. Look for short entries around 4085–4100, with targets at 4065 and 4035. After prices stabilize near the lows, consider setting up long positions again. Operate with strict stop-losses.
Disclaimer: The above is only personal opinion and does not constitute investment advice.#黄金
7.8 Jaining Evening Analysis:
During the day, gold in the early session met resistance around the 4133 high and traded in a tight range. In the afternoon, it lacked strength to push higher; after breaking below the Bollinger middle band, it quickly slid. At present, the Bollinger channel on the daily chart has opened downward, and the price has dipped to around the 4040 area.
On the news front, there is no supportive data. The US dollar has edged higher and longs are taking profits; these two negative factors have driven gold prices lower. In the evening, EIA data will also be released, which may amplify short-term volatility—so be alert to sudden market changes.
Technically, the daily moving averages have turned downward. Gold remains under sustained pressure below the moving averages. Support at 4060—4080 has flipped to resistance. The Bollinger Bands are widening downward. On the hourly chart, prices continue to drift lower in a weak, bearish manner. The bulls have little ability to stage a comeback, and the near-term bearish trend is clear.
A rebound into the 4065—4085 zone could provide selling opportunities.
Targets are around 4040, 4020, and 3980. #外汇黄金 #黄金
During the day, gold in the early session met resistance around the 4133 high and traded in a tight range. In the afternoon, it lacked strength to push higher; after breaking below the Bollinger middle band, it quickly slid. At present, the Bollinger channel on the daily chart has opened downward, and the price has dipped to around the 4040 area.
On the news front, there is no supportive data. The US dollar has edged higher and longs are taking profits; these two negative factors have driven gold prices lower. In the evening, EIA data will also be released, which may amplify short-term volatility—so be alert to sudden market changes.
Technically, the daily moving averages have turned downward. Gold remains under sustained pressure below the moving averages. Support at 4060—4080 has flipped to resistance. The Bollinger Bands are widening downward. On the hourly chart, prices continue to drift lower in a weak, bearish manner. The bulls have little ability to stage a comeback, and the near-term bearish trend is clear.
A rebound into the 4065—4085 zone could provide selling opportunities.
Targets are around 4040, 4020, and 3980. #外汇黄金 #黄金
July 8: Wealth Intake for Lady Cai - Late-Night Commentary on Yellow Croaker
After a continuous drop, the price has stabilized slightly at a low level; there is a short-term need for a technical correction
1. Looking back at the chart, gold started a continuous pullback from the 4202 high point. Late at night, it dipped to around 4039, and the current price is 4039.57, consolidating at a low level. On the 4-hour chart, the Bollinger Bands are generally moving downward. The price has fallen to around 4052 near the lower band. After short-term oversold conditions, bearish momentum has been sufficiently released. The previous low at 3943 forms medium-term support. Near-term resistance lies at 4132 and 4212, while key support is at 4052.
2. From the news perspective, the pressure caused by the strong US dollar has basically been兑现 at this stage. The market’s short-term bearish sentiment has largely vented. The logic of potential interest rate cuts over the medium to long term has not been completely changed. After being oversold, bargain-buying at low levels gradually enters the market, and overnight there is room for a technical rebound and repair.
Strategy:
Go long between 4040–4035; first target 4080, then 4120.
Note: The ideas are for reference only and do not constitute any investment advice. #黄金
After a continuous drop, the price has stabilized slightly at a low level; there is a short-term need for a technical correction
1. Looking back at the chart, gold started a continuous pullback from the 4202 high point. Late at night, it dipped to around 4039, and the current price is 4039.57, consolidating at a low level. On the 4-hour chart, the Bollinger Bands are generally moving downward. The price has fallen to around 4052 near the lower band. After short-term oversold conditions, bearish momentum has been sufficiently released. The previous low at 3943 forms medium-term support. Near-term resistance lies at 4132 and 4212, while key support is at 4052.
2. From the news perspective, the pressure caused by the strong US dollar has basically been兑现 at this stage. The market’s short-term bearish sentiment has largely vented. The logic of potential interest rate cuts over the medium to long term has not been completely changed. After being oversold, bargain-buying at low levels gradually enters the market, and overnight there is room for a technical rebound and repair.
Strategy:
Go long between 4040–4035; first target 4080, then 4120.
Note: The ideas are for reference only and do not constitute any investment advice. #黄金
7.8 Gold Evening Analysis: Cliff-like plunge breaks support, gold bears dominate tonight, beware of low-level rebound recovery
News side
Gold prices saw a sharp intraday decline, with a one-sided weakening on the chart and a drop of more than 1%. Overall market risk aversion cooled significantly, previous long positions took profits and exited in concentration, and capital leaving the market pressured gold to continue falling. Institutional expectations for earlier long positions became divided, with the market disagreeing on the subsequent upside potential. Long holdings were significantly reduced, and short-term capital outflows directly drove gold lower.
U.S. stock futures weakened slightly before the open but failed to provide safe-haven buying support for gold. Commodities were also under pressure, overall market risk appetite recovered, weakening gold’s value-preservation buying power, and multiple bearish factors combined to drive a sharp pullback.
Technical side
Price directly broke below the lower Bollinger Band, and the lower support was effectively pierced. The Bollinger channel continued to open downward, confirming a short-term bearish trend. The middle band at 4111 has turned into strong resistance, and the upper band at 4170 forms distant heavy pressure. Continuous large bearish candles pushed prices lower in a one-way move, with the intraday high at 4133 and low at 4040. Highs and lows both moved down, bullish rebounds lacked strength, and each small rebound was met with bearish selling pressure. Current prices are in the lower range of this round of decline. All three KDJ lines have entered oversold territory, with the J value falling deeply. There is a short-term technical need for a rebound repair due to the oversold condition, but the larger bearish trend remains unchanged; any rebound should only be viewed as a corrective move.
Trading strategy
If price rebounds to 4070-4090, consider building short positions in batches, targeting 4050-4030; if broken, look toward the 4000 level
If price pulls back to the 4030-4050 support area, consider light long positions to play an oversold rebound, targeting 4070#黄金
News side
Gold prices saw a sharp intraday decline, with a one-sided weakening on the chart and a drop of more than 1%. Overall market risk aversion cooled significantly, previous long positions took profits and exited in concentration, and capital leaving the market pressured gold to continue falling. Institutional expectations for earlier long positions became divided, with the market disagreeing on the subsequent upside potential. Long holdings were significantly reduced, and short-term capital outflows directly drove gold lower.
U.S. stock futures weakened slightly before the open but failed to provide safe-haven buying support for gold. Commodities were also under pressure, overall market risk appetite recovered, weakening gold’s value-preservation buying power, and multiple bearish factors combined to drive a sharp pullback.
Technical side
Price directly broke below the lower Bollinger Band, and the lower support was effectively pierced. The Bollinger channel continued to open downward, confirming a short-term bearish trend. The middle band at 4111 has turned into strong resistance, and the upper band at 4170 forms distant heavy pressure. Continuous large bearish candles pushed prices lower in a one-way move, with the intraday high at 4133 and low at 4040. Highs and lows both moved down, bullish rebounds lacked strength, and each small rebound was met with bearish selling pressure. Current prices are in the lower range of this round of decline. All three KDJ lines have entered oversold territory, with the J value falling deeply. There is a short-term technical need for a rebound repair due to the oversold condition, but the larger bearish trend remains unchanged; any rebound should only be viewed as a corrective move.
Trading strategy
If price rebounds to 4070-4090, consider building short positions in batches, targeting 4050-4030; if broken, look toward the 4000 level
If price pulls back to the 4030-4050 support area, consider light long positions to play an oversold rebound, targeting 4070#黄金
7.9 Zheng Chen Intraday Thoughts
Market Overview
Current spot gold is trading at 4073. In the morning it continues the overnight decline. Price is in a repair and corrective phase of a pullback from a high level. On the daily chart, two consecutive bearish candles have pushed lower. Supply overhead has concentrated and been released. In the short term, moving averages have turned downward, creating pressure. On the 4-hour chart, bearish momentum has not yet completely exhausted. On the hourly chart, after oversold conditions, price is grinding through a base-building consolidation. Divergence between bulls and bears has increased. During the Asian session, the focus is mainly on waiting and observing within the range, awaiting confirmation from European-session funds.
Key Support & Resistance
Overhead Resistance
1. First resistance: 4092-4100 (the starting point of the overnight decline; the short-term bull-bear watershed)
2. Strong resistance: 4135-4150. Only if price can rebound and hold within this range can the short-term weakness be reversed.
Downside Support
1. Short-term support: 4050-4060 (the primary area to absorb the morning pullback)
2. Extreme support: 4020-4030. This is the key defensive zone for the current correction. A valid break below will open up further downside room for the next leg.
Intraday Trading Plan
Short-term ideas (Asian/European sessions)
1. Sell on rebound under pressure: If price retraces to 4090-4100 and stalls under resistance, consider placing short positions in batches. Stop loss: above 4115. Initial targets: 4060-4050. If it breaks down, look for 4025.
2. Buy on pullback at lows: When price falls into the 4050-4060 zone and forms a bearish reversal/stabilization candlestick pattern, cautiously试多 (lightly buy). Stop loss: 4018. Targets: 4090-4100. If a breakout occurs, then reassess for 4130#黄金
Market Overview
Current spot gold is trading at 4073. In the morning it continues the overnight decline. Price is in a repair and corrective phase of a pullback from a high level. On the daily chart, two consecutive bearish candles have pushed lower. Supply overhead has concentrated and been released. In the short term, moving averages have turned downward, creating pressure. On the 4-hour chart, bearish momentum has not yet completely exhausted. On the hourly chart, after oversold conditions, price is grinding through a base-building consolidation. Divergence between bulls and bears has increased. During the Asian session, the focus is mainly on waiting and observing within the range, awaiting confirmation from European-session funds.
Key Support & Resistance
Overhead Resistance
1. First resistance: 4092-4100 (the starting point of the overnight decline; the short-term bull-bear watershed)
2. Strong resistance: 4135-4150. Only if price can rebound and hold within this range can the short-term weakness be reversed.
Downside Support
1. Short-term support: 4050-4060 (the primary area to absorb the morning pullback)
2. Extreme support: 4020-4030. This is the key defensive zone for the current correction. A valid break below will open up further downside room for the next leg.
Intraday Trading Plan
Short-term ideas (Asian/European sessions)
1. Sell on rebound under pressure: If price retraces to 4090-4100 and stalls under resistance, consider placing short positions in batches. Stop loss: above 4115. Initial targets: 4060-4050. If it breaks down, look for 4025.
2. Buy on pullback at lows: When price falls into the 4050-4060 zone and forms a bearish reversal/stabilization candlestick pattern, cautiously试多 (lightly buy). Stop loss: 4018. Targets: 4090-4100. If a breakout occurs, then reassess for 4130#黄金
July 8: The Financial Lady - Yellow Fish Evening Review
A major Yin breaks the level and establishes new lows, with the downward move continuing; the gourd head trend fully dominates the market
1. From a review of the order book, after gold prices surged to and tested the 4180 mark, they continued to weaken. In the evening, volume increased and prices plunged, breaking and refreshing the low at 4040. The current price is 4052, moving sideways with slight fluctuation. On the hourly chart, the Bollinger Bands open sharply downward. Price is firmly trading below the Bollinger middle band at 4106, with the moving averages in a bearish alignment that suppresses all rebounds. Bulls have no resistance at all, and the downside space is fully opened. Near-term resistance: 4106 and 4167. Near-term support: 4045.
2. From the news perspective, the U.S. dollar index continues strengthening and is putting pressure on precious metals. Rate-cut expectations are being continuously pushed back. “CeJin” (gold) is seeing concentrated exits—gold positions are being reduced. In the short term, there is no substantive positive news to change the situation. The downtrend is unlikely to reverse in the near term.
Strategy:
Go short (sell) the gourd at 4100–4106. Targets: first look at 4030, then 4000.
Note: This is for reference only and does not constitute any investment advice.#黄金
A major Yin breaks the level and establishes new lows, with the downward move continuing; the gourd head trend fully dominates the market
1. From a review of the order book, after gold prices surged to and tested the 4180 mark, they continued to weaken. In the evening, volume increased and prices plunged, breaking and refreshing the low at 4040. The current price is 4052, moving sideways with slight fluctuation. On the hourly chart, the Bollinger Bands open sharply downward. Price is firmly trading below the Bollinger middle band at 4106, with the moving averages in a bearish alignment that suppresses all rebounds. Bulls have no resistance at all, and the downside space is fully opened. Near-term resistance: 4106 and 4167. Near-term support: 4045.
2. From the news perspective, the U.S. dollar index continues strengthening and is putting pressure on precious metals. Rate-cut expectations are being continuously pushed back. “CeJin” (gold) is seeing concentrated exits—gold positions are being reduced. In the short term, there is no substantive positive news to change the situation. The downtrend is unlikely to reverse in the near term.
Strategy:
Go short (sell) the gourd at 4100–4106. Targets: first look at 4030, then 4000.
Note: This is for reference only and does not constitute any investment advice.#黄金
7.8 Mrs. Nagin - Daily Gold Summary
Today’s gold price saw slight fluctuations in the morning session, but in the evening it tumbled sharply and turned weaker. With prices under pressure at higher levels, the bears gained the upper hand, and the high-range short idea was fulfilled. Although price briefly stopped falling below, the rebound lacked strength, and overall the short-term trend returned to weakness. #黄金 #外汇黄金
Today’s gold price saw slight fluctuations in the morning session, but in the evening it tumbled sharply and turned weaker. With prices under pressure at higher levels, the bears gained the upper hand, and the high-range short idea was fulfilled. Although price briefly stopped falling below, the rebound lacked strength, and overall the short-term trend returned to weakness. #黄金 #外汇黄金
7.8 Jianning Midday Analysis:
In the early session, the price surged and then met resistance, followed by a pullback. The overall trend fully matches the bearish expectation of intraday resistance at the highs and a weakening, oscillating move.
From a technical perspective, the gold price is currently around 4125. Price action remains under continued pressure below the upper band of the Bollinger Bands, and it has now effectively broken below the Bollinger middle-band key support. The dominance of the bears is increasing, with selling pressure continuing to intensify.
On the news side, the market at this stage is mainly driven by technical price action. After an initial round of upside push in the early session, the long positions’ profit-taking was concentrated out of the market, and the sustained release of selling pressure led to a choppy decline in the gold price. The room for a short-term correction has already been fully opened. Going forward, the overall outlook will likely remain in a pressured downward pattern. In terms of trading, it is best to prioritize trend-following sells at higher levels.
For rallies into the 4135—4155 range, consider positioning short orders,
with targets around 4115, 4090, and 4060.#外汇黄金 #黄金
In the early session, the price surged and then met resistance, followed by a pullback. The overall trend fully matches the bearish expectation of intraday resistance at the highs and a weakening, oscillating move.
From a technical perspective, the gold price is currently around 4125. Price action remains under continued pressure below the upper band of the Bollinger Bands, and it has now effectively broken below the Bollinger middle-band key support. The dominance of the bears is increasing, with selling pressure continuing to intensify.
On the news side, the market at this stage is mainly driven by technical price action. After an initial round of upside push in the early session, the long positions’ profit-taking was concentrated out of the market, and the sustained release of selling pressure led to a choppy decline in the gold price. The room for a short-term correction has already been fully opened. Going forward, the overall outlook will likely remain in a pressured downward pattern. In terms of trading, it is best to prioritize trend-following sells at higher levels.
For rallies into the 4135—4155 range, consider positioning short orders,
with targets around 4115, 4090, and 4060.#外汇黄金 #黄金
Log in to explore more content