8.11 Yangping Gold Evening Review
Weakness in the non-farm data has built a solid long foundation, and ongoing geopolitical risks continue to support gold prices. At present, the market’s funds are only choosing to stand by ahead of the CPI data to take precautions; there are currently no bearish signals strong enough to reverse the overall trend.
On the daily timeframe, the bullish structure remains intact, with the market’s lows and highs continuing to move higher. Short-term indicators have entered the overbought zone, suggesting a need for a pullback and consolidation; the conditions for a trend reversal are not met yet. In the evening, the price action is likely to begin high-level range trading and a washout.
Trading Suggestions
On a pullback to the 4350‑4370 range, look for long entries;
Targets are 4400-4430. If that level is broken, the next focus is on 4450.
Warm Reminder: The market has uncertainty. The analysis above is for reference only and should be used for decision-making. Ensure you always manage risk in your trading.
Weakness in the non-farm data has built a solid long foundation, and ongoing geopolitical risks continue to support gold prices. At present, the market’s funds are only choosing to stand by ahead of the CPI data to take precautions; there are currently no bearish signals strong enough to reverse the overall trend.
On the daily timeframe, the bullish structure remains intact, with the market’s lows and highs continuing to move higher. Short-term indicators have entered the overbought zone, suggesting a need for a pullback and consolidation; the conditions for a trend reversal are not met yet. In the evening, the price action is likely to begin high-level range trading and a washout.
Trading Suggestions
On a pullback to the 4350‑4370 range, look for long entries;
Targets are 4400-4430. If that level is broken, the next focus is on 4450.
Warm Reminder: The market has uncertainty. The analysis above is for reference only and should be used for decision-making. Ensure you always manage risk in your trading.