8.12 Gold Evening Analysis
The intraday gold long setup was perfectly realized. After rising to 4428.82, it pulled back. Although there was a slight outflow of funds, the overall bullish structure has not changed. The KDJ indicator’s J value fell to 18.95, entering the oversold zone. Price retested the Bollinger middle band area and found support, showing a pattern of consolidation and buildup with sideways trading at higher levels.
The current pullback is a normal “mid-air refueling” phase. The low-level KDJ turning upward suggests that selling pressure is exhausted. Support in the 4410–4415 range is strong. As long as the key support is not broken, this kind of fluctuation is to digest the pressure from the previous high—an opportunity to bet on a second upward push.
Trading Suggestions:
Place buy orders around 4400–4410, targeting 4430–4450.
$XAU #美国7月CPI与PPI数据本周出炉
The intraday gold long setup was perfectly realized. After rising to 4428.82, it pulled back. Although there was a slight outflow of funds, the overall bullish structure has not changed. The KDJ indicator’s J value fell to 18.95, entering the oversold zone. Price retested the Bollinger middle band area and found support, showing a pattern of consolidation and buildup with sideways trading at higher levels.
The current pullback is a normal “mid-air refueling” phase. The low-level KDJ turning upward suggests that selling pressure is exhausted. Support in the 4410–4415 range is strong. As long as the key support is not broken, this kind of fluctuation is to digest the pressure from the previous high—an opportunity to bet on a second upward push.
Trading Suggestions:
Place buy orders around 4400–4410, targeting 4430–4450.
$XAU #美国7月CPI与PPI数据本周出炉