8. Evening Market Outlook Analysis Strategy for the 13th Night:
After a sharp drop in gold prices in the evening, prices have rebounded slightly for consolidation and correction. Current price is 4394.93. On the hourly timeframe, the moving averages are still being pressured downward; overall, the larger trend is bearish, and the rebound is only a technical repair. Short-term resistance lies at 4398–4400. Key support is at 4364, which is the intraday low protection level.
In terms of news, the Bank of Korea’s increased gold holdings only provides long-term bottom support and cannot reverse the short-term pullback trend. Tonight’s market should mainly focus on range-bound consolidation to digest bearish momentum!
Recommendation
Take short positions in batches in the 4398–4420 range. First target: 4370. If it breaks down, follow through and look toward 4364!$XAU #黄金
After a sharp drop in gold prices in the evening, prices have rebounded slightly for consolidation and correction. Current price is 4394.93. On the hourly timeframe, the moving averages are still being pressured downward; overall, the larger trend is bearish, and the rebound is only a technical repair. Short-term resistance lies at 4398–4400. Key support is at 4364, which is the intraday low protection level.
In terms of news, the Bank of Korea’s increased gold holdings only provides long-term bottom support and cannot reverse the short-term pullback trend. Tonight’s market should mainly focus on range-bound consolidation to digest bearish momentum!
Recommendation
Take short positions in batches in the 4398–4420 range. First target: 4370. If it breaks down, follow through and look toward 4364!$XAU #黄金