8/26 Midday Gold:
The 4-hour Bollinger Bands are contracting. The upper band pressure is 4697, the middle band support is 4625. After the price pushed up to 4696, it entered a high-range sideways consolidation.
The KDJ indicator: the K value is below the D value and is in a neutral zone, with slowing short-term upward momentum and no clear direction. Resistance is seen at 4697 above; support at 4625 (the middle band) below is the first focus. If it breaks, further downside could be seen toward 4553.
The larger-scale bullish trend remains intact. In the short term, expect a period of range-bound consolidation—be mindful of the impact of evening data.
Trading advice:
Buy from 4630–4640, targets 4750–4800, with support/stop at 4620.
(For reference only—follow live trading conditions!)
The 4-hour Bollinger Bands are contracting. The upper band pressure is 4697, the middle band support is 4625. After the price pushed up to 4696, it entered a high-range sideways consolidation.
The KDJ indicator: the K value is below the D value and is in a neutral zone, with slowing short-term upward momentum and no clear direction. Resistance is seen at 4697 above; support at 4625 (the middle band) below is the first focus. If it breaks, further downside could be seen toward 4553.
The larger-scale bullish trend remains intact. In the short term, expect a period of range-bound consolidation—be mindful of the impact of evening data.
Trading advice:
Buy from 4630–4640, targets 4750–4800, with support/stop at 4620.
(For reference only—follow live trading conditions!)
