✨Golden Week Weekly Market Analysis | 乐天
This week, gold tested the 4697 peak but met resistance and failed to hold onto the gains. The weekly chart ultimately closed bearish, and adjustment signals have already appeared. On Friday, we even saw a sharp drop of nearly $200. The bearish force released in a concentrated burst; under the momentum of the decline, on Monday there’s a possibility of continued probing lower.
On the daily chart, a large bearish candle formed, with a “twilight star” reversal pattern at the high end. Right now, 4410—i.e., the 20-day moving average—is a very critical line of defense. Whether this level can hold determines how deep this pullback may go.
On shorter timeframes, the market conditions lean bearish: the Bollinger Bands are opening downward, and the MACD and KDJ are weakening in sync. For near-term price action, there are essentially two possible paths: a modest rebound for correction followed by another dip, or a direct continuation lower.
On the news front, PMI and Non-Farm Payrolls data will be released one after another next week. Data releases can easily amplify market volatility. When placing trades, don’t be rigid—stick to your ideas less; adjust flexibly based on real-time signals on the chart for a more reliable approach.
Predicted trading rhythm for Monday: leaning toward “first repair, then face pressure”:
✅ Short positions: If the rebound to 4510–4530 encounters resistance, consider setting up, with targets at 4470–4440–4420
✅ Long positions: If price pulls back to 4410–4420 and a solid stop-hunting reversal/stabilization pattern forms, then try a small position for a long; stop loss below 4390, targets 4460–4490
⚠️For technical discussion only, not investment advice! Gold is a high-risk trading instrument—make sure to use stop-loss orders and control position sizing.
#黄金 #XAU
This week, gold tested the 4697 peak but met resistance and failed to hold onto the gains. The weekly chart ultimately closed bearish, and adjustment signals have already appeared. On Friday, we even saw a sharp drop of nearly $200. The bearish force released in a concentrated burst; under the momentum of the decline, on Monday there’s a possibility of continued probing lower.
On the daily chart, a large bearish candle formed, with a “twilight star” reversal pattern at the high end. Right now, 4410—i.e., the 20-day moving average—is a very critical line of defense. Whether this level can hold determines how deep this pullback may go.
On shorter timeframes, the market conditions lean bearish: the Bollinger Bands are opening downward, and the MACD and KDJ are weakening in sync. For near-term price action, there are essentially two possible paths: a modest rebound for correction followed by another dip, or a direct continuation lower.
On the news front, PMI and Non-Farm Payrolls data will be released one after another next week. Data releases can easily amplify market volatility. When placing trades, don’t be rigid—stick to your ideas less; adjust flexibly based on real-time signals on the chart for a more reliable approach.
Predicted trading rhythm for Monday: leaning toward “first repair, then face pressure”:
✅ Short positions: If the rebound to 4510–4530 encounters resistance, consider setting up, with targets at 4470–4440–4420
✅ Long positions: If price pulls back to 4410–4420 and a solid stop-hunting reversal/stabilization pattern forms, then try a small position for a long; stop loss below 4390, targets 4460–4490
⚠️For technical discussion only, not investment advice! Gold is a high-risk trading instrument—make sure to use stop-loss orders and control position sizing.
#黄金 #XAU
