Data released last Friday caused a sharp fluctuation in the market. Gold dropped to 4290 to complete a round of sell-off, then rebounded quickly, forming a deep V-shaped consolidation. Competition between bulls and bears was intense, and the market has entered a short-term wide-range consolidation.
On the daily chart, prices bottomed and then rebounded, closing with a long lower wick. The 4300 level is currently holding as support. Indicators have returned to the neutral zone, and there is temporarily no clear one-way trend—this is consolidation and recovery. However, the broader uptrend/long-cycle bearish structure remains unchanged. This rebound is only a technical correction after oversold conditions, with limited upside room.
Today’s market is consolidating in a narrow range. The short-term cycle is continuing to repair after being oversold. Moving averages remain in a bearish alignment; the MACD green bars continue, and the larger trend remains biased to the downside.
Trading outlook: Take shorts in line with the rebound in the 4340–4350 range. Targets are lower toward 4300–4250$NVDAB $AAPLB #AnthropicCEO呼吁放缓AI发展 #Anthropic选择纳斯达克IPO
On the daily chart, prices bottomed and then rebounded, closing with a long lower wick. The 4300 level is currently holding as support. Indicators have returned to the neutral zone, and there is temporarily no clear one-way trend—this is consolidation and recovery. However, the broader uptrend/long-cycle bearish structure remains unchanged. This rebound is only a technical correction after oversold conditions, with limited upside room.
Today’s market is consolidating in a narrow range. The short-term cycle is continuing to repair after being oversold. Moving averages remain in a bearish alignment; the MACD green bars continue, and the larger trend remains biased to the downside.
Trading outlook: Take shorts in line with the rebound in the 4340–4350 range. Targets are lower toward 4300–4250$NVDAB $AAPLB #AnthropicCEO呼吁放缓AI发展 #Anthropic选择纳斯达克IPO
