8.25 Gold Customer Evening Review: After a New High, It Dips and Then Consolidates Sideways! The Direction for Gold Is About to Be Decided
In the early session, gold surged to the 4696 area, a new high, but was immediately met with heavy profit-taking selling. Price then quickly dropped, falling to the 4618 area low within a short time. After the bearish momentum was sufficiently released, both bulls and bears entered a tug-of-war.
On a 10-minute short-term cycle, the sideways consolidation pattern is already very clear: the 4666–4696 zone above acts as a strong short-term resistance band. The moving averages are flat, with no clear one-way bias; MACD momentum continues to converge, and bull/bear strength is relatively balanced. KDJ hovers and intertwines around the mid zone, with clear oscillation signals—most likely maintaining a range-bound fluctuation pattern in the short term.
Consider placing sell orders in the 4650–4670 rebound zone, targeting 4620 and 4600.
$XAU $LAB #黄金
In the early session, gold surged to the 4696 area, a new high, but was immediately met with heavy profit-taking selling. Price then quickly dropped, falling to the 4618 area low within a short time. After the bearish momentum was sufficiently released, both bulls and bears entered a tug-of-war.
On a 10-minute short-term cycle, the sideways consolidation pattern is already very clear: the 4666–4696 zone above acts as a strong short-term resistance band. The moving averages are flat, with no clear one-way bias; MACD momentum continues to converge, and bull/bear strength is relatively balanced. KDJ hovers and intertwines around the mid zone, with clear oscillation signals—most likely maintaining a range-bound fluctuation pattern in the short term.
Consider placing sell orders in the 4650–4670 rebound zone, targeting 4620 and 4600.
$XAU $LAB #黄金
