8.12 Jianing Evening Analysis:
After an intraday pullback to build up strength, the gold price pushed upward and reached a high; in the short term, it experienced a slight pullback to digest, and the overall uptrend structure remains intact.
The hourly Bollinger Bands open upward, and price stays above the Bollinger middle band, with support below proving effective. The intraday low points continue to rise; bulls remain in control. After the pullback, there is still momentum to probe higher.
The evening CPL data release drives market fluctuations, and risk-averse sentiment continues to provide downside support. The strength of the US dollar rebound is limited and cannot sustain a consistent suppression. Pay close attention to the support level below.
If it pulls back to around 4405 and 4380, consider buying dips with a target of around 4425, 4455, and 4490. #外汇黄金 #黄金
After an intraday pullback to build up strength, the gold price pushed upward and reached a high; in the short term, it experienced a slight pullback to digest, and the overall uptrend structure remains intact.
The hourly Bollinger Bands open upward, and price stays above the Bollinger middle band, with support below proving effective. The intraday low points continue to rise; bulls remain in control. After the pullback, there is still momentum to probe higher.
The evening CPL data release drives market fluctuations, and risk-averse sentiment continues to provide downside support. The strength of the US dollar rebound is limited and cannot sustain a consistent suppression. Pay close attention to the support level below.
If it pulls back to around 4405 and 4380, consider buying dips with a target of around 4425, 4455, and 4490. #外汇黄金 #黄金