8.13 Gold Investor Evening Review: 85 USD Brutal Washout! Gold 4364 Holds and Rebounds
Gold surged first then plunged, with a total intraday range exceeding 85 USD. In the early session, the bulls pushed up to the 4449 stage high, then gradually faced pressure and pulled back, dipping to set a new intraday low at 4364. As short sellers’ profit-taking orders were gradually cashed out and the selling pressure eased, the market shifted into a range-bound consolidation and recovery.
On the 10-minute timeframe, a standard bottoming-and-rebound structure formed. The short-term support at the 4364 level proved effective. The MACD green histogram kept narrowing, and after the short-side momentum released in a concentrated manner, it entered a phase of gradual attenuation.
On pullbacks, plan to go long in the 4360–4380 zone, with targets at 4400 and 4420
$XAU $LAB $AKE #黄金
Gold surged first then plunged, with a total intraday range exceeding 85 USD. In the early session, the bulls pushed up to the 4449 stage high, then gradually faced pressure and pulled back, dipping to set a new intraday low at 4364. As short sellers’ profit-taking orders were gradually cashed out and the selling pressure eased, the market shifted into a range-bound consolidation and recovery.
On the 10-minute timeframe, a standard bottoming-and-rebound structure formed. The short-term support at the 4364 level proved effective. The MACD green histogram kept narrowing, and after the short-side momentum released in a concentrated manner, it entered a phase of gradual attenuation.
On pullbacks, plan to go long in the 4360–4380 zone, with targets at 4400 and 4420
$XAU $LAB $AKE #黄金