5.8 Early Morning Gold Strategy Share
News: The USD index is maintaining a strong sideways movement, but the market is waiting for heavy economic data to drop, leading to a cautious sentiment that limits further strength in the USD index; although real interest rates have seen a brief rebound, they haven't exerted sustained pressure on gold prices. Additionally, with a dense accumulation of positions in the low range, the momentum from the shorts is gradually weakening after being released, setting a foundation for a short-term stabilization and rebound in gold.
Technical Analysis: In today's early session, gold has slightly pulled back, hitting the lower Bollinger Band and quickly stopping the decline. The support at the lower band is solid, and the bearish downward pressure is continuously weakening, indicating a technical rebound correction is needed in the short term.
Trading Advice: Look to accumulate long positions in batches around 4685-4695; the short-term target is initially set at 4725-4735; if the market breaks out strongly, the subsequent target range is 4755-4765 <a>#黄金 #现货黄金 #外汇 </a>
News: The USD index is maintaining a strong sideways movement, but the market is waiting for heavy economic data to drop, leading to a cautious sentiment that limits further strength in the USD index; although real interest rates have seen a brief rebound, they haven't exerted sustained pressure on gold prices. Additionally, with a dense accumulation of positions in the low range, the momentum from the shorts is gradually weakening after being released, setting a foundation for a short-term stabilization and rebound in gold.
Technical Analysis: In today's early session, gold has slightly pulled back, hitting the lower Bollinger Band and quickly stopping the decline. The support at the lower band is solid, and the bearish downward pressure is continuously weakening, indicating a technical rebound correction is needed in the short term.
Trading Advice: Look to accumulate long positions in batches around 4685-4695; the short-term target is initially set at 4725-4735; if the market breaks out strongly, the subsequent target range is 4755-4765 <a>#黄金 #现货黄金 #外汇 </a>
