8.13 Gold Evening Analysis
The afternoon intraday idea was perfectly fulfilled. After probing the low at 4364.08, price stabilized and rebounded. On the 15-minute timeframe, price has returned above the MA5; the MACD is forming a bullish crossover with increasing volume from a low level. Bearish momentum has waned to exhaustion, and the short-term stop-falling signal is clear.
The bottom support is solid, and indicators show the bulls are building momentum. The current approach is to buy on pullbacks, aiming to ride the continuation of the uptrend after breaking above the previous high of 4396.
Trading suggestion:
Place long orders around 4380–4390, targeting 4420–4440.
$XAU
The afternoon intraday idea was perfectly fulfilled. After probing the low at 4364.08, price stabilized and rebounded. On the 15-minute timeframe, price has returned above the MA5; the MACD is forming a bullish crossover with increasing volume from a low level. Bearish momentum has waned to exhaustion, and the short-term stop-falling signal is clear.
The bottom support is solid, and indicators show the bulls are building momentum. The current approach is to buy on pullbacks, aiming to ride the continuation of the uptrend after breaking above the previous high of 4396.
Trading suggestion:
Place long orders around 4380–4390, targeting 4420–4440.
$XAU