8.11 Evening Gold Market Strategy Analysis
After a round of deep pullback, the market has launched a rebound and repair. Price has regained the short-term moving averages; the lows are gradually rising, and short-term bulls have shown offensive strength. However, the previous high at 4435 above remains a strong resistance. The current rebound is still a repair phase following a decline and has not fully turned into a one-way uptrend. The evening market remains highly contested between bulls and bears, making it easy to see a push-up followed by a pullback—i.e., a stop-hunt/clearing move.
Short-term resistance above: 4405‑4415, strong resistance at 4435
Short-term support below: 4378‑4385, key strength/weakness dividing line at 4368
Trading Recommendations
If price rebounds and faces pressure in the 4405‑4415 range, consider placing short positions with resistance defense above 4438; targets are 4385‑4378.
If price pulls back and stabilizes in the 4378‑4385 zone, look to go long; defend below 4365; targets are 4405‑4415. If it breaks out further, watch 4435.
In the evening, market action is choppy and pin-like moves occur frequently. Do not chase or sell impulsively. Strictly set stop-losses, participate with light position size, take profits promptly when targets are reached, and do not hold positions to gamble through adverse moves.
$XAU
After a round of deep pullback, the market has launched a rebound and repair. Price has regained the short-term moving averages; the lows are gradually rising, and short-term bulls have shown offensive strength. However, the previous high at 4435 above remains a strong resistance. The current rebound is still a repair phase following a decline and has not fully turned into a one-way uptrend. The evening market remains highly contested between bulls and bears, making it easy to see a push-up followed by a pullback—i.e., a stop-hunt/clearing move.
Short-term resistance above: 4405‑4415, strong resistance at 4435
Short-term support below: 4378‑4385, key strength/weakness dividing line at 4368
Trading Recommendations
If price rebounds and faces pressure in the 4405‑4415 range, consider placing short positions with resistance defense above 4438; targets are 4385‑4378.
If price pulls back and stabilizes in the 4378‑4385 zone, look to go long; defend below 4365; targets are 4405‑4415. If it breaks out further, watch 4435.
In the evening, market action is choppy and pin-like moves occur frequently. Do not chase or sell impulsively. Strictly set stop-losses, participate with light position size, take profits promptly when targets are reached, and do not hold positions to gamble through adverse moves.
$XAU