08/14 evening gold analysis
Gold price fell from the high point of 4449 to the current level of 4367, and a low-level rebound has appeared in the short term. The medium- to long-term long-bull framework is still intact, but there remains downward pressure in the short term. At 20:30 this evening, US retail sales data will be released, and market volatility is expected to increase significantly.
On the 4-hour chart, the 5/10 moving averages have turned downward, forming a resistance/pullback. 4377 is an important threshold for strength and weakness, and the gold price is trading below the Bollinger middle band. The bearish trend indicated by the indicators has not yet reversed. This rise is merely a repair within a broader decline cycle and does not count as a trend reversal.
Trading approach:
- If the rebound reaches 4365–4385 and meets resistance, set up short positions, targeting 4350, 4330, and 4300.
- If it retraces to 4300–4315 and stabilizes, consider going long, targeting 4350 and 4380 #黄金
Gold price fell from the high point of 4449 to the current level of 4367, and a low-level rebound has appeared in the short term. The medium- to long-term long-bull framework is still intact, but there remains downward pressure in the short term. At 20:30 this evening, US retail sales data will be released, and market volatility is expected to increase significantly.
On the 4-hour chart, the 5/10 moving averages have turned downward, forming a resistance/pullback. 4377 is an important threshold for strength and weakness, and the gold price is trading below the Bollinger middle band. The bearish trend indicated by the indicators has not yet reversed. This rise is merely a repair within a broader decline cycle and does not count as a trend reversal.
Trading approach:
- If the rebound reaches 4365–4385 and meets resistance, set up short positions, targeting 4350, 4330, and 4300.
- If it retraces to 4300–4315 and stabilizes, consider going long, targeting 4350 and 4380 #黄金