10.1 Gold Midnight Review
Current gold price is 4160.17. At midnight, the gold price pulled back from the high level and maintained a weak sideways consolidation. The evening report’s rebound “sell from the high altitude” plan was executed, with pressure forecasts accurate and the market rhythm in line with expectations.
Technical analysis: The 1-hour Bollinger Bands are narrowing downward. Price is trading below the middle band, and bearish pressure remains. The 30-minute Bollinger Bands are sideways and slightly downward; price is consolidating in a narrow range, with weak rebound strength. The larger timeframe bearish structure remains unchanged.
Resistance levels: 4170 and 4185. Support levels: 4142 and 4130.
Coco’s suggestion: At midnight, continue to look for selling from higher levels on rebounds; do not chase longs. Sell in the 4175–4195 range for targets at 4160 and 4130. Participate with a light position size and be sure to set a strict stop-loss.
Note: These are only personal views and do not constitute investment advice.$XAU
Current gold price is 4160.17. At midnight, the gold price pulled back from the high level and maintained a weak sideways consolidation. The evening report’s rebound “sell from the high altitude” plan was executed, with pressure forecasts accurate and the market rhythm in line with expectations.
Technical analysis: The 1-hour Bollinger Bands are narrowing downward. Price is trading below the middle band, and bearish pressure remains. The 30-minute Bollinger Bands are sideways and slightly downward; price is consolidating in a narrow range, with weak rebound strength. The larger timeframe bearish structure remains unchanged.
Resistance levels: 4170 and 4185. Support levels: 4142 and 4130.
Coco’s suggestion: At midnight, continue to look for selling from higher levels on rebounds; do not chase longs. Sell in the 4175–4195 range for targets at 4160 and 4130. Participate with a light position size and be sure to set a strict stop-loss.
Note: These are only personal views and do not constitute investment advice.$XAU