In the evening, gold may rebound again, driven by the news flow, using the 5-day moving average as support. However, the upside room is still limited. First, watch the hourly chart moving averages around 4645 for contention. If price holds above, then look for a test of the upper end of the hourly range around 4670.
If gold breaks below the 5-day moving average again at 4610-4600 support, then the downside could extend toward 4570-4560, and even 10-day moving average levels at 4510-4500. This scenario also better aligns with the need for a pullback to address a top divergence on the daily timeframe. Therefore, for evening trading, the main line of thought for gold is still to focus on short-term pullback and correction, but it must be combined with the real impact of the data.
If you already have a sell position during the day, in the evening you can temporarily reduce exposure within 4610-4600 and switch to a break-even stop-loss approach. Then keep the remaining position and look for a pullback toward 4570-4560.
As for longs, you can attempt one very light short-term buy within 4610-4600, but you must strictly set the stop loss at 4595. The target is only around 4645—then reduce the position and adjust the stop-loss to break-even.
For more conservative traders in the evening, you may refer to the 4635-4640 zone to participate, with a unified stop loss above 4645. The target is lower: first reduce exposure around 4610-4600; for the remaining position, look for 4570-60 and 4510-4500 as potential downside expectations. #黄金
If gold breaks below the 5-day moving average again at 4610-4600 support, then the downside could extend toward 4570-4560, and even 10-day moving average levels at 4510-4500. This scenario also better aligns with the need for a pullback to address a top divergence on the daily timeframe. Therefore, for evening trading, the main line of thought for gold is still to focus on short-term pullback and correction, but it must be combined with the real impact of the data.
If you already have a sell position during the day, in the evening you can temporarily reduce exposure within 4610-4600 and switch to a break-even stop-loss approach. Then keep the remaining position and look for a pullback toward 4570-4560.
As for longs, you can attempt one very light short-term buy within 4610-4600, but you must strictly set the stop loss at 4595. The target is only around 4645—then reduce the position and adjust the stop-loss to break-even.
For more conservative traders in the evening, you may refer to the 4635-4640 zone to participate, with a unified stop loss above 4645. The target is lower: first reduce exposure around 4610-4600; for the remaining position, look for 4570-60 and 4510-4500 as potential downside expectations. #黄金
