8.21 Lao K Morning Gold Sharing
Overnight gold rose to a high and touched around 4540, then came under pressure and pulled back. Overall, it has remained in a sideways range in the high zone. After a pullback in the early morning, it returned to and consolidated around 4520.
On the daily chart, the market still maintains a bullish structure. Price remains above the high zone, and the larger bullish direction has not changed. After the short-term push higher, momentum has somewhat weakened, and price has entered a period of high-level consolidation to digest gains.
Resistance levels: 4535‑4540
Support levels: 4500‑4490.
Trading suggestions
Long: On a pullback, enter after 4500‑4490 holds firm. Target 4530; if it breaks out, look for 4550‑4570
Short: On a rebound, enter when 4530‑4540 meets resistance. Target 4510; if it breaks down, look for 4490‑4475#黄金 $XAUT
Overnight gold rose to a high and touched around 4540, then came under pressure and pulled back. Overall, it has remained in a sideways range in the high zone. After a pullback in the early morning, it returned to and consolidated around 4520.
On the daily chart, the market still maintains a bullish structure. Price remains above the high zone, and the larger bullish direction has not changed. After the short-term push higher, momentum has somewhat weakened, and price has entered a period of high-level consolidation to digest gains.
Resistance levels: 4535‑4540
Support levels: 4500‑4490.
Trading suggestions
Long: On a pullback, enter after 4500‑4490 holds firm. Target 4530; if it breaks out, look for 4550‑4570
Short: On a rebound, enter when 4530‑4540 meets resistance. Target 4510; if it breaks down, look for 4490‑4475#黄金 $XAUT
