8.25 Evening Gold Price Analysis
News
Gold prices continue to receive underlying support from U.S. Treasury repo activity and geopolitical risk hedging. On a larger scale, the uptrend structure remains intact. The market has largely entered a wait-and-see mode, with funds holding steady ahead of the upcoming PCE inflation data and the remarks from the Jackson Hole central bank conference. Official comments will directly affect interest-rate expectations. In the evening U.S. session, liquidity will increase, making it easier to see rapid spikes (needle-like moves) and back-and-forth stop-hunting. Aggressive chasing at high levels is not suitable.
Technical Analysis
The multi-timeframe long structure remains complete. After sustained rising, indicators on the smaller timeframe are in an overbought condition. During the evening, price action will mainly consolidate at high levels to digest and unwind profits. This is a repair and shakeout within the rising phase, and there are currently no signs of a trend reversal.
4-Hour Timeframe
The Bollinger Bands remain open upward. Price is ranging just below the upper band. Indicators are tangled in high territory, and upward momentum is gradually weakening.
Short-term resistance above: 4670–4690; strong resistance: 4700–4720.
Short-term support below: 4610–4630. The watershed for buyer/seller strength is 4550–4570. As long as this zone is not broken down effectively, the larger-scale uptrend structure will remain intact.
1-Hour Timeframe
On the hourly chart, indicators show divergence. After a push higher, momentum weakened, and the market has entered a range-bound battle. The Bollinger Bands have expanded, and during the U.S. evening session the amplitude of the consolidation will likely widen further. Focus on how well price holds and responds at key support. If support holds, there remains a chance to retest the overhead resistance. If support is lost consecutively, it will trigger a stage of pullback and corrective repair.
Weiwei’s Trading Plan for Tuesday Evening
Pull back/rally to the 4660–4680 area, looking downward to around 4615–4590.
After a retracement to the 4620–4600 area, look upward toward around 4665–4690.
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News
Gold prices continue to receive underlying support from U.S. Treasury repo activity and geopolitical risk hedging. On a larger scale, the uptrend structure remains intact. The market has largely entered a wait-and-see mode, with funds holding steady ahead of the upcoming PCE inflation data and the remarks from the Jackson Hole central bank conference. Official comments will directly affect interest-rate expectations. In the evening U.S. session, liquidity will increase, making it easier to see rapid spikes (needle-like moves) and back-and-forth stop-hunting. Aggressive chasing at high levels is not suitable.
Technical Analysis
The multi-timeframe long structure remains complete. After sustained rising, indicators on the smaller timeframe are in an overbought condition. During the evening, price action will mainly consolidate at high levels to digest and unwind profits. This is a repair and shakeout within the rising phase, and there are currently no signs of a trend reversal.
4-Hour Timeframe
The Bollinger Bands remain open upward. Price is ranging just below the upper band. Indicators are tangled in high territory, and upward momentum is gradually weakening.
Short-term resistance above: 4670–4690; strong resistance: 4700–4720.
Short-term support below: 4610–4630. The watershed for buyer/seller strength is 4550–4570. As long as this zone is not broken down effectively, the larger-scale uptrend structure will remain intact.
1-Hour Timeframe
On the hourly chart, indicators show divergence. After a push higher, momentum weakened, and the market has entered a range-bound battle. The Bollinger Bands have expanded, and during the U.S. evening session the amplitude of the consolidation will likely widen further. Focus on how well price holds and responds at key support. If support holds, there remains a chance to retest the overhead resistance. If support is lost consecutively, it will trigger a stage of pullback and corrective repair.
Weiwei’s Trading Plan for Tuesday Evening
Pull back/rally to the 4660–4680 area, looking downward to around 4615–4590.
After a retracement to the 4620–4600 area, look upward toward around 4665–4690.
#BTC触及80000美元
#ZEC突破关键阻力涨75.5%
$ETH $XAU
