8.13 Gold Midnight Review
Under evening pressure, the downward move fully matched the bearish pressure scenario from the evening report. The 4380 resistance level was precisely hit and delivered as expected.
Technical analysis: The 30-minute and 1-hour Bollinger Bands are opening downward in sync. Price has broken below the Bollinger middle band and moved into the middle-lower band range. In the short term, the bearish trend is clear. 4357 is the key near-term support.
Upside resistance: 4380, 4399.
Downside support: 4357, 4340.
Coco’s suggestion: At midnight, trade primarily with the trend on the short side. Look to sell on rallies around 4375–4395, targeting 4358 and 4342. During the late-night session liquidity is thin; price action is characterized by repeated back-and-forth between bulls and bears. When trading, keep position sizes light and set a strict stop-loss.
Disclaimer: The above is only my personal opinion and does not constitute investment advice. #黄金
Under evening pressure, the downward move fully matched the bearish pressure scenario from the evening report. The 4380 resistance level was precisely hit and delivered as expected.
Technical analysis: The 30-minute and 1-hour Bollinger Bands are opening downward in sync. Price has broken below the Bollinger middle band and moved into the middle-lower band range. In the short term, the bearish trend is clear. 4357 is the key near-term support.
Upside resistance: 4380, 4399.
Downside support: 4357, 4340.
Coco’s suggestion: At midnight, trade primarily with the trend on the short side. Look to sell on rallies around 4375–4395, targeting 4358 and 4342. During the late-night session liquidity is thin; price action is characterized by repeated back-and-forth between bulls and bears. When trading, keep position sizes light and set a strict stop-loss.
Disclaimer: The above is only my personal opinion and does not constitute investment advice. #黄金