8.25 Midday Great Yellow Trading Ideas Analysis:
From the chart, during the early session gold dropped sharply from 4696 down to 4618, then quickly rebounded and is now back around 4647. The 5-minute moving averages have turned upward; price has regained MA5, MA10, and MA20, and the lows are gradually rising. This indicates that after the rapid selloff from 4618, the market has entered a short-term corrective rebound phase. For the afternoon, I am more inclined to look for longs on pullbacks. I don’t recommend shorting around 4640.
Technically, 4618 can be considered today’s first strong support. The key area to watch in the short term is the pullback zone between 4625 and 4640. Above that, expect 4665 to 4680 first. If during the OPEC session (or European session) price manages to hold above 4680 again, there will be room to test 4695–4700 once more.
On the news side, gold is still easily influenced by the U.S. dollar, U.S. Treasury yields, and market expectations for the Fed’s subsequent policy. In today’s early session, gold already showed an almost 80-point intraday swing, suggesting sentiment is not stable. The probability of fast needle-like spikes in the afternoon remains relatively high, so it’s best to widen the trading range and avoid chasing.
In terms of execution: focus on going long on dips.
Long in batches at 4625–4640, keep a stop/defense below 4615, target 4665–4680, and if 4680 is broken through, look for around 4695 afterward.
If 4618 is broken down decisively and the rebound fails to reclaim the level, then give up the long-on-dips idea.
The above is for strategy writing reference only and does not constitute investment advice.
$XAU
From the chart, during the early session gold dropped sharply from 4696 down to 4618, then quickly rebounded and is now back around 4647. The 5-minute moving averages have turned upward; price has regained MA5, MA10, and MA20, and the lows are gradually rising. This indicates that after the rapid selloff from 4618, the market has entered a short-term corrective rebound phase. For the afternoon, I am more inclined to look for longs on pullbacks. I don’t recommend shorting around 4640.
Technically, 4618 can be considered today’s first strong support. The key area to watch in the short term is the pullback zone between 4625 and 4640. Above that, expect 4665 to 4680 first. If during the OPEC session (or European session) price manages to hold above 4680 again, there will be room to test 4695–4700 once more.
On the news side, gold is still easily influenced by the U.S. dollar, U.S. Treasury yields, and market expectations for the Fed’s subsequent policy. In today’s early session, gold already showed an almost 80-point intraday swing, suggesting sentiment is not stable. The probability of fast needle-like spikes in the afternoon remains relatively high, so it’s best to widen the trading range and avoid chasing.
In terms of execution: focus on going long on dips.
Long in batches at 4625–4640, keep a stop/defense below 4615, target 4665–4680, and if 4680 is broken through, look for around 4695 afterward.
If 4618 is broken down decisively and the rebound fails to reclaim the level, then give up the long-on-dips idea.
The above is for strategy writing reference only and does not constitute investment advice.
$XAU