#黄金触及4700美元结束六个月回调 8.25 Cheng Jingsheng｜Spot Gold Morning Analysis
The market is constantly changing. After rallying high and then falling back, price action becomes more volatile. Avoid chasing highs or selling lows; wait patiently for key support before making a plan. In the morning, gold surged higher and then formed a pullback. The high reached the 4697 area where it met resistance and reversed downward. The low dipped to around 4618. The current price is consolidating around 4635.
On the four-hour chart, longs and shorts switch quickly. The overhead pressure is concentrated around 4680 and 4700. On the downside, pay close attention to whether 4620 and 4600 short-term support can hold. This round of rapid pullback is essentially profit-taking from a high level; the broader bullish structure has not yet been directly damaged.
In terms of operations, the main idea remains buying on pullbacks. Provided that price holds the 4620 support, you can look for a rebound upward. Targets are 4650 and 4675. If there is a further upside breakout and advance, you can continue to watch the 4700 level.
This is a high-level fast “shakeout” move. Manage position sizes strictly and prepare risk-control scenarios.
The above is only personal advice for reference and does not constitute investment guidance. For specific details, please follow Cheng Jingsheng’s Shiqian planning!$XAU
#XAUUSD
The market is constantly changing. After rallying high and then falling back, price action becomes more volatile. Avoid chasing highs or selling lows; wait patiently for key support before making a plan. In the morning, gold surged higher and then formed a pullback. The high reached the 4697 area where it met resistance and reversed downward. The low dipped to around 4618. The current price is consolidating around 4635.
On the four-hour chart, longs and shorts switch quickly. The overhead pressure is concentrated around 4680 and 4700. On the downside, pay close attention to whether 4620 and 4600 short-term support can hold. This round of rapid pullback is essentially profit-taking from a high level; the broader bullish structure has not yet been directly damaged.
In terms of operations, the main idea remains buying on pullbacks. Provided that price holds the 4620 support, you can look for a rebound upward. Targets are 4650 and 4675. If there is a further upside breakout and advance, you can continue to watch the 4700 level.
This is a high-level fast “shakeout” move. Manage position sizes strictly and prepare risk-control scenarios.
The above is only personal advice for reference and does not constitute investment guidance. For specific details, please follow Cheng Jingsheng’s Shiqian planning!$XAU
#XAUUSD
