8.28 Huang's Afternoon Thoughts Analysis:
From the current chart, intraday prices have retreated from 4611 down to around 4571. Afterwards, a clear bottoming and rebound appeared, and 4580 has regained footing. Although the larger structure is still in a post-decline consolidation phase, support has already emerged around 4570. In the short term, the space to chase shorts is limited. For the afternoon, I still lean toward going long on dips and looking for a round of rebound and repair.
From a technical standpoint, 4560-4570 is the key support zone for the afternoon. As long as it is not effectively broken, pullbacks can still be used to set up low-long positions around that level. On the upside, pay close attention to 4600-4615. Once it breaks back above the early-session high, the rebound room has the potential to open further. For news/events, there’s no need to overemphasize them for now—the main focus in the afternoon should be short-term disturbances driven by USD and U.S. Treasury yield fluctuations.
In terms of execution: In the 4565-4585 area, prioritize low-long entries. Place the defense below 4555. The initial targets are 4600-4615; if there is a strong breakout above 4615, then follow through to look at 4625-4635.
Overall in one sentence: Keep low-long positioning above 4560; pullbacks are opportunities, and only consider changing direction if it breaks down.
$XAU
From the current chart, intraday prices have retreated from 4611 down to around 4571. Afterwards, a clear bottoming and rebound appeared, and 4580 has regained footing. Although the larger structure is still in a post-decline consolidation phase, support has already emerged around 4570. In the short term, the space to chase shorts is limited. For the afternoon, I still lean toward going long on dips and looking for a round of rebound and repair.
From a technical standpoint, 4560-4570 is the key support zone for the afternoon. As long as it is not effectively broken, pullbacks can still be used to set up low-long positions around that level. On the upside, pay close attention to 4600-4615. Once it breaks back above the early-session high, the rebound room has the potential to open further. For news/events, there’s no need to overemphasize them for now—the main focus in the afternoon should be short-term disturbances driven by USD and U.S. Treasury yield fluctuations.
In terms of execution: In the 4565-4585 area, prioritize low-long entries. Place the defense below 4555. The initial targets are 4600-4615; if there is a strong breakout above 4615, then follow through to look at 4625-4635.
Overall in one sentence: Keep low-long positioning above 4560; pullbacks are opportunities, and only consider changing direction if it breaks down.
$XAU