8.24 Monday Morning Gold Market Analysis:
After gold’s upward push reached around 4630, it pulled back slightly within a small range. The weekly K structure formed an incremental bullish (dh-tou) pattern and created an upward break-through. On the daily timeframe, the bullish (dh-tou) continued to build incremental gains, running upward around the upper band. On the four-hour timeframe, the bullish indicator shows a divergence with increasing bearish reversal strength. In terms of execution, it still mainly follows the bullish (dh-tou).
Monday morning:
For the small upside pullback, watch the 4590–4570 area for dips (pullbacks), and look for opportunities around 4650–4670.
On the downside, the key focus is support at the 4590 line; secondary support is around 4550. On the upside, the first resistance is at 4650; the second resistance is around 4680.
Market volatility is high—pay attention to risk control and defense. Take profits within the range-bound swings and lock in gains when opportunities arise.
After gold’s upward push reached around 4630, it pulled back slightly within a small range. The weekly K structure formed an incremental bullish (dh-tou) pattern and created an upward break-through. On the daily timeframe, the bullish (dh-tou) continued to build incremental gains, running upward around the upper band. On the four-hour timeframe, the bullish indicator shows a divergence with increasing bearish reversal strength. In terms of execution, it still mainly follows the bullish (dh-tou).
Monday morning:
For the small upside pullback, watch the 4590–4570 area for dips (pullbacks), and look for opportunities around 4650–4670.
On the downside, the key focus is support at the 4590 line; secondary support is around 4550. On the upside, the first resistance is at 4650; the second resistance is around 4680.
Market volatility is high—pay attention to risk control and defense. Take profits within the range-bound swings and lock in gains when opportunities arise.