8.11 Gold Customer Gold Evening Review: Plunge of 80 Points! The Rebound Is a Trap for More Buying!
In the early session, it continued its upward momentum and pushed higher, reaching a new high around the 4435 area. Immediately afterward, profit-taking at high levels became concentrated, triggering a wave of sell pressure, and the price dipped to the 4356-stage low. Then buy orders from below gradually stepped in, and after the market became oversold in the short term, it entered a rebound correction phase.
After probing the bottom on the 10-minute timeframe, it closed with a long-lower-wick candlestick. The effectiveness of short-term support was validated, and the price gradually regained the short-term moving averages. After the bearish momentum completed its concentrated release, it has somewhat converged.
Place short positions in the 4400–4420 range for the rebound, targeting 4360 and 4320
$XAU $HYPE #黄金
In the early session, it continued its upward momentum and pushed higher, reaching a new high around the 4435 area. Immediately afterward, profit-taking at high levels became concentrated, triggering a wave of sell pressure, and the price dipped to the 4356-stage low. Then buy orders from below gradually stepped in, and after the market became oversold in the short term, it entered a rebound correction phase.
After probing the bottom on the 10-minute timeframe, it closed with a long-lower-wick candlestick. The effectiveness of short-term support was validated, and the price gradually regained the short-term moving averages. After the bearish momentum completed its concentrated release, it has somewhat converged.
Place short positions in the 4400–4420 range for the rebound, targeting 4360 and 4320
$XAU $HYPE #黄金