8.19 Evening Gold:
Geopolitical risk aversion provides underlying support to gold prices, while international oil prices staying in a range adds to expectations of a recurring battle with inflation. Previously, the 30-year U.S. Treasury yield rising to its current level drove gold prices higher, becoming the dominant factor putting pressure on the market.
The 4-hour K-line closed with a bullish reversal candle at a low level, releasing short-term bearish-to-bullish momentum and initiating a phase of repair and rebound discussion. In the short term, moving averages gradually flatten, and gold enters a phase of contention. Indicators rebound from oversold areas, and there is rebound momentum, but a strong bullish candle sequence has not yet formed. Downward pressure from above is clearly evident, but the broader bullish framework on the higher timeframe has not been thoroughly broken. Pay attention to the Fed meeting minutes later this evening, and be sure to manage position size and respond rationally.
Around 4355-4335 is the
🪵 Target: Around 4380-4400, breaking upward to look toward 4430$BTC $XAU #宇树科技上市首日涨629%
Geopolitical risk aversion provides underlying support to gold prices, while international oil prices staying in a range adds to expectations of a recurring battle with inflation. Previously, the 30-year U.S. Treasury yield rising to its current level drove gold prices higher, becoming the dominant factor putting pressure on the market.
The 4-hour K-line closed with a bullish reversal candle at a low level, releasing short-term bearish-to-bullish momentum and initiating a phase of repair and rebound discussion. In the short term, moving averages gradually flatten, and gold enters a phase of contention. Indicators rebound from oversold areas, and there is rebound momentum, but a strong bullish candle sequence has not yet formed. Downward pressure from above is clearly evident, but the broader bullish framework on the higher timeframe has not been thoroughly broken. Pay attention to the Fed meeting minutes later this evening, and be sure to manage position size and respond rationally.
Around 4355-4335 is the
🪵 Target: Around 4380-4400, breaking upward to look toward 4430$BTC $XAU #宇树科技上市首日涨629%