8.10 Gold Morning
Last week, gold relied on multiple positive catalysts to successfully break through the ranging zone. The upward channel has been officially opened, the bullish trend is firmly established, and the overall price action fully matched expectations.
From the four-hour structure, the Bollinger Bands are opening upward, with highs and lows continuing to rise, and the large-scale bullish structure remains intact. After a series of strong advances, short-term momentum may be overextended and there is a need for overbought correction. This is a normal pullback during an uptrend, with no reversal signals yet. The overall trend for this month is expected to continue its upward move.
Today’s key support for gold is 4290–4310. Near-term resistance is 4342, and strong resistance lies at 4370–4372. If price breaks above, it could be seen at 4385–4400.
In terms of trading, do not chase; instead, it’s recommended to buy on dips in batches at 4290–4310, with targets at 4370–4400. If price pushes up and meets resistance, consider a small-position short. Strictly place stop-losses throughout and manage position sizing carefully.
#SK海力士拟第三季披露股东回报方案 #MichaelSaylor暗示增持BTC #BIP110软分叉尝试启动
$XAU $XAG $BTC
Last week, gold relied on multiple positive catalysts to successfully break through the ranging zone. The upward channel has been officially opened, the bullish trend is firmly established, and the overall price action fully matched expectations.
From the four-hour structure, the Bollinger Bands are opening upward, with highs and lows continuing to rise, and the large-scale bullish structure remains intact. After a series of strong advances, short-term momentum may be overextended and there is a need for overbought correction. This is a normal pullback during an uptrend, with no reversal signals yet. The overall trend for this month is expected to continue its upward move.
Today’s key support for gold is 4290–4310. Near-term resistance is 4342, and strong resistance lies at 4370–4372. If price breaks above, it could be seen at 4385–4400.
In terms of trading, do not chase; instead, it’s recommended to buy on dips in batches at 4290–4310, with targets at 4370–4400. If price pushes up and meets resistance, consider a small-position short. Strictly place stop-losses throughout and manage position sizing carefully.
#SK海力士拟第三季披露股东回报方案 #MichaelSaylor暗示增持BTC #BIP110软分叉尝试启动
$XAU $XAG $BTC