8.18 Jianning Morning Analysis:
At the daily timeframe level, the overall structure is intact. Price is holding above the short-term moving averages, and the lows continue to move higher.
After a push to the high on the hourly timeframe, bullish momentum has slowed. The MACD red histogram has nearly faded, short-term upward momentum is weakening, and the market is entering a phase of digestion and consolidation in the higher range. Resistance levels are 4428–4445; support levels are 4395–4380.
Geopolitical developments have been repeatedly fluctuating, creating intermittent safe-haven disturbances for gold price. The market is waiting for remarks from the Federal Reserve to look for clues about a rate cut. The U.S. dollar is choppy with no clear one-way strength. Gold is driven mainly by technical factors. There is no major high-impact data today—watch for potential shocks from unexpected news.
If price retraces to around 4410–4390, you may consider placing a buy order (布菊哆單),
with targets around 4430, 4455, and 4485. #外汇黄金 #黄金 $XAU
At the daily timeframe level, the overall structure is intact. Price is holding above the short-term moving averages, and the lows continue to move higher.
After a push to the high on the hourly timeframe, bullish momentum has slowed. The MACD red histogram has nearly faded, short-term upward momentum is weakening, and the market is entering a phase of digestion and consolidation in the higher range. Resistance levels are 4428–4445; support levels are 4395–4380.
Geopolitical developments have been repeatedly fluctuating, creating intermittent safe-haven disturbances for gold price. The market is waiting for remarks from the Federal Reserve to look for clues about a rate cut. The U.S. dollar is choppy with no clear one-way strength. Gold is driven mainly by technical factors. There is no major high-impact data today—watch for potential shocks from unexpected news.
If price retraces to around 4410–4390, you may consider placing a buy order (布菊哆單),
with targets around 4430, 4455, and 4485. #外汇黄金 #黄金 $XAU