Todays homework is relatively difficult. Gold 4696 has pulled back from a high level. On the hourly timeframe, is the top divergence a pullback to be repaired, or a short-term consolidation that will continue upward later? It is not like the one-way market of the past two days where you could just get in and go long blindly.
In the morning, the gold price retraced and bottomed at 4618, then consolidated. On the hourly timeframe, it still has not temporarily broken below the 4625 support. However, based on the current situation, the rebound strength of the bulls is temporarily very weak. Tonight, it will most likely continue to test the 4600 support at the bottom! #黄金 #伦敦金 $XAU
In the morning, the gold price retraced and bottomed at 4618, then consolidated. On the hourly timeframe, it still has not temporarily broken below the 4625 support. However, based on the current situation, the rebound strength of the bulls is temporarily very weak. Tonight, it will most likely continue to test the 4600 support at the bottom! #黄金 #伦敦金 $XAU
