XAU GOLD Gold recap of last Saturday’s outlook:
At that time, the gold price was moving at the 30-minute MACD zero axis, indicating that it was not advisable to continue probing lower. The key short-term defense level was 4330
If it effectively breaks down, the daily structure would also be breached, and the market would see deeper downside moves
On Monday’s open, gold rose to a high of 4356, then pulled back. The current price is now exactly at the 4330 key support level
Next, focus on whether 4330 can effectively stop the decline and trigger an upside rebound
The intraday resistance zone above remains 4355
Only by breaking through and holding above that level can we declare that the 1-hour timeframe has successfully formed a bottom. If it fails to break, the market remains weak
The daily-level rebound structure is still intact. Don’t jump to conclusions—give gold a bit more patience and wait for the bottoming to complete, with indicators crossing #比特币四周内第三次单块重组
At that time, the gold price was moving at the 30-minute MACD zero axis, indicating that it was not advisable to continue probing lower. The key short-term defense level was 4330
If it effectively breaks down, the daily structure would also be breached, and the market would see deeper downside moves
On Monday’s open, gold rose to a high of 4356, then pulled back. The current price is now exactly at the 4330 key support level
Next, focus on whether 4330 can effectively stop the decline and trigger an upside rebound
The intraday resistance zone above remains 4355
Only by breaking through and holding above that level can we declare that the 1-hour timeframe has successfully formed a bottom. If it fails to break, the market remains weak
The daily-level rebound structure is still intact. Don’t jump to conclusions—give gold a bit more patience and wait for the bottoming to complete, with indicators crossing #比特币四周内第三次单块重组
