10.2 Jinman Gold Evening Review: After testing new lows in the gold probing, a deep-V rebound follows; oversold technical correction does not change the bearish pattern!
During the day, gold first continued its weakness and probed down to a new low around the 4133 level. Then, short positions took concentrated profit-taking plus a small amount of bargain-buying entered, and price started a deep-V rebound. It then oscillated upward steadily, reaching around the 4196 area, with a rebound of over 60 points. Afterwards, sell pressure gradually emerged from above; price pulled back slightly and maintained high-level consolidation. Currently it is stabilizing around 4184. Overall, this is still an oversold technical correction, and the larger bearish structure remains unchanged.
Technical outlook: On the 10-minute timeframe, after a deep-V rebound, price entered high-level consolidation. After touching the upper Bollinger Band, it faced pressure and pulled back. Short-term moving averages have flattened and turned, forming a temporary support. Key resistance above is the 4195–4197 zone. Key support below is the 4170–4175 range.
Trading reference: Sell in batches on the 4195–4215 rebound zone, with targets at 4150 and 4120.
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During the day, gold first continued its weakness and probed down to a new low around the 4133 level. Then, short positions took concentrated profit-taking plus a small amount of bargain-buying entered, and price started a deep-V rebound. It then oscillated upward steadily, reaching around the 4196 area, with a rebound of over 60 points. Afterwards, sell pressure gradually emerged from above; price pulled back slightly and maintained high-level consolidation. Currently it is stabilizing around 4184. Overall, this is still an oversold technical correction, and the larger bearish structure remains unchanged.
Technical outlook: On the 10-minute timeframe, after a deep-V rebound, price entered high-level consolidation. After touching the upper Bollinger Band, it faced pressure and pulled back. Short-term moving averages have flattened and turned, forming a temporary support. Key resistance above is the 4195–4197 zone. Key support below is the 4170–4175 range.
Trading reference: Sell in batches on the 4195–4215 rebound zone, with targets at 4150 and 4120.
#黄金 $BTC $ETH
