8.24 Gold's long-awaited rally may not be over yet
Last Wednesday, the U.S. Treasury announced an expansion of the scale of long-term treasury repo operations, signaling increased liquidity. Interest rates quickly transmitted to the precious metals market. Combined with a technical breakdown, this drove gold sharply higher
On the 4-hour timeframe, price action has been moving along the short-term moving averages, with only limited pullback. The overall bullish structure remains intact, and the market maintains a relatively strong bias. In the short term, pay close attention to the 4550–4560 support zone
Trading suggestion: 4560–4580, take profit 4630–4650. Stop loss below 4550
(Individual advice for reference only—everything is subject to live trading.) #XAU $XAU
Last Wednesday, the U.S. Treasury announced an expansion of the scale of long-term treasury repo operations, signaling increased liquidity. Interest rates quickly transmitted to the precious metals market. Combined with a technical breakdown, this drove gold sharply higher
On the 4-hour timeframe, price action has been moving along the short-term moving averages, with only limited pullback. The overall bullish structure remains intact, and the market maintains a relatively strong bias. In the short term, pay close attention to the 4550–4560 support zone
Trading suggestion: 4560–4580, take profit 4630–4650. Stop loss below 4550
(Individual advice for reference only—everything is subject to live trading.) #XAU $XAU