Starry-10.1 Evening Gold Market Analysis
After a sharp decline from the 4377 high, the low reached 4110. Although there has been some rebound so far, the overall bearish structure has not yet been broken.
In the short term, it is in a consolidation range: After touching the 4110 low, price failed to form a strong one-way rebound and instead oscillated back and forth within the wide range of 4110 - 4244. Currently, price is trading at 4176, exactly in the middle of this consolidation range.
Resistance levels: First resistance: 4192. Strong resistance: 4244.
Support levels: First support: 4163. Strong support: 4110.
Because the current price is in the “middle zone” of the consolidation range, chasing or selling aggressively is very likely to put you in a passive position. It is recommended to adopt a “wait for boundary signals” strategy. Wait for price to rebound toward the nearby upper resistance area; if you see signs of a lack of upward momentum and a reversal downward, then follow the trend and go short.
Specific level references:
Shorting zone: If price rebounds to around 4190 - 4200, fails to effectively break above 4192.86, and then shows a bearish candle pullback, you may consider going short.
Stop-loss: Set above 4210.
Take-profit targets: Look lower toward the 4160 - 4140 range.$XAU #美国8月核心PCE降至3%
After a sharp decline from the 4377 high, the low reached 4110. Although there has been some rebound so far, the overall bearish structure has not yet been broken.
In the short term, it is in a consolidation range: After touching the 4110 low, price failed to form a strong one-way rebound and instead oscillated back and forth within the wide range of 4110 - 4244. Currently, price is trading at 4176, exactly in the middle of this consolidation range.
Resistance levels: First resistance: 4192. Strong resistance: 4244.
Support levels: First support: 4163. Strong support: 4110.
Because the current price is in the “middle zone” of the consolidation range, chasing or selling aggressively is very likely to put you in a passive position. It is recommended to adopt a “wait for boundary signals” strategy. Wait for price to rebound toward the nearby upper resistance area; if you see signs of a lack of upward momentum and a reversal downward, then follow the trend and go short.
Specific level references:
Shorting zone: If price rebounds to around 4190 - 4200, fails to effectively break above 4192.86, and then shows a bearish candle pullback, you may consider going short.
Stop-loss: Set above 4210.
Take-profit targets: Look lower toward the 4160 - 4140 range.$XAU #美国8月核心PCE降至3%
