The golden daily line shows a strong three-day surge with increasing volume, and the bulls remain strong. The market has continuously approached the 4700 level, further getting close to the 4800-4900 range. A strong bullish one-sided market continues to rise after replacing corrections with consolidation, and the daily and weekly closing still shows strength.
In the 4-hour chart, there was a continuation of a sharp rise in the morning, primarily releasing the one-sided volume after yesterday's consolidation correction. Currently, the Asian session is showing strong continuous gains, but the position is not ideal for chasing trades at the moment. Waiting for the Asian session to release space before looking for re-entry opportunities in the European session.
Currently, it is a one-sided market that continues to rise after a small bearish pullback following sustained increasing volume. The 10-unit moving average serves as a short-term critical point. A bullish short-term outlook is expected above the 10 moving average, and a failure to hold would be an exit signal. The support level has moved up to around 4730-4740. Look for short-term longs near the support area to capture new highs.
In the 4-hour chart, there was a continuation of a sharp rise in the morning, primarily releasing the one-sided volume after yesterday's consolidation correction. Currently, the Asian session is showing strong continuous gains, but the position is not ideal for chasing trades at the moment. Waiting for the Asian session to release space before looking for re-entry opportunities in the European session.
Currently, it is a one-sided market that continues to rise after a small bearish pullback following sustained increasing volume. The 10-unit moving average serves as a short-term critical point. A bullish short-term outlook is expected above the 10 moving average, and a failure to hold would be an exit signal. The support level has moved up to around 4730-4740. Look for short-term longs near the support area to capture new highs.
