8.19 Midday Market Update: Gold bottoms out and rebounds; short-term enters a repair rebound
In the early session, gold first dipped to test the lows. After pulling back to and testing the 4324.67 support, buy-side orders stepped in, triggering a rebound from the bottom and a repair-style move. From the low point, price continued to rebound upward, reaching a peak of 4362.09. The current quote is 4355.64. After the sharp drop overnight, the early session completed a round of deep-drop rebound, releasing bearish momentum. In the short term, the market shifted from a one-way decline to a sideways repair structure.
Dehua Analysis: Look at the 4375-4395 area; you can focus on 4330-4305.
After a big drop, the rebound is most likely to make people mistakenly think the trend has already reversed. Market repair does not equal an immediate reversal. Don’t rush to a conclusion—wait for a clear signal from key levels before taking action. Being steady and consistent matters far more than entering impulsively.
#黄金
In the early session, gold first dipped to test the lows. After pulling back to and testing the 4324.67 support, buy-side orders stepped in, triggering a rebound from the bottom and a repair-style move. From the low point, price continued to rebound upward, reaching a peak of 4362.09. The current quote is 4355.64. After the sharp drop overnight, the early session completed a round of deep-drop rebound, releasing bearish momentum. In the short term, the market shifted from a one-way decline to a sideways repair structure.
Dehua Analysis: Look at the 4375-4395 area; you can focus on 4330-4305.
After a big drop, the rebound is most likely to make people mistakenly think the trend has already reversed. Market repair does not equal an immediate reversal. Don’t rush to a conclusion—wait for a clear signal from key levels before taking action. Being steady and consistent matters far more than entering impulsively.
#黄金