8.21 Gold Injecting Guest Gold Midday Review: Breaks Resistance Again and Soars to a New High of 4567! Gold Bulls Unstoppable
After dipping to the 4508 key stage low, gold quickly stabilized and rebounded. Overall, it steadily advanced along a consolidating upward channel. Bullish momentum continued to build, breaking through multiple key prior resistance levels one after another, and prices climbed throughout the session to refresh a new high of 4567 in that stage.
The U.S. dollar index remained under pressure and weakened. Meanwhile, the market’s expectations for a September rate cut by the Fed continued to intensify, significantly reducing the opportunity cost of holding gold—providing the core driving force for gold’s upward move.
The 10-minute timeframe’s upward-consolidation structure remains intact, and the 4508 area has already been firmly established as near-term strong support. The short-term moving averages remain in a bullish alignment, spreading upward. The MACD red histogram continues expanding, and bullish momentum is still sufficient.
On pullbacks, go long in the 4540–4560 range, with targets at 4580 and 4600.
$XAU $LAB #黄金
After dipping to the 4508 key stage low, gold quickly stabilized and rebounded. Overall, it steadily advanced along a consolidating upward channel. Bullish momentum continued to build, breaking through multiple key prior resistance levels one after another, and prices climbed throughout the session to refresh a new high of 4567 in that stage.
The U.S. dollar index remained under pressure and weakened. Meanwhile, the market’s expectations for a September rate cut by the Fed continued to intensify, significantly reducing the opportunity cost of holding gold—providing the core driving force for gold’s upward move.
The 10-minute timeframe’s upward-consolidation structure remains intact, and the 4508 area has already been firmly established as near-term strong support. The short-term moving averages remain in a bullish alignment, spreading upward. The MACD red histogram continues expanding, and bullish momentum is still sufficient.
On pullbacks, go long in the 4540–4560 range, with targets at 4580 and 4600.
$XAU $LAB #黄金