8.10 Gold Midday Report
Current price 4335. After pushing higher, the market entered a range of sideways consolidation in the upper price zone. Support and resistance levels are predicted accurately.
Technical view: The 30-minute and 1-hour Bollinger Bands are narrowing and moving sideways. Price remains above the Bollinger midline. RSI stays above 56, neutral but slightly bullish. The long-term uptrend on the higher timeframe remains intact. In the short term, the market is only consolidating at high levels to digest the recent gains.
Resistance: 4352 and 4371. Support: 4317 and 4307.
Cocoa recommendation: During the afternoon, prioritize a pullback to go long. Enter at 4305–4325. Targets: 4350 and 4370. If the rebound approaches 4350, you may take a small short position near that area, with target 4325. The chart shows choppy, repeated swings—operate with strict stop-losses, and keep positions light for short-term trades.
Disclaimer: The above is only my personal opinion and does not constitute investment advice. #黄金
Current price 4335. After pushing higher, the market entered a range of sideways consolidation in the upper price zone. Support and resistance levels are predicted accurately.
Technical view: The 30-minute and 1-hour Bollinger Bands are narrowing and moving sideways. Price remains above the Bollinger midline. RSI stays above 56, neutral but slightly bullish. The long-term uptrend on the higher timeframe remains intact. In the short term, the market is only consolidating at high levels to digest the recent gains.
Resistance: 4352 and 4371. Support: 4317 and 4307.
Cocoa recommendation: During the afternoon, prioritize a pullback to go long. Enter at 4305–4325. Targets: 4350 and 4370. If the rebound approaches 4350, you may take a small short position near that area, with target 4325. The chart shows choppy, repeated swings—operate with strict stop-losses, and keep positions light for short-term trades.
Disclaimer: The above is only my personal opinion and does not constitute investment advice. #黄金