10.5 Gold Early Forecast
Current gold price is 4145.48. The overnight outlook played out as expected—after rallying, prices pulled back.
Technical view: The 1-hour Bollinger Bands are narrowing downward. Price is trading below the middle band, so bearish pressure remains. The 30-minute Bollinger Bands are gradually flattening; the short-term, modest rebound is a weak corrective move following the drop. The larger timeframe bearish trend has not changed.
Resistance: 4162, 4178.
Support: 4132, 4120.
Coco’s recommendation: Don’t chase longs in the morning. Continue to look for selling on rebounds. Sell in the 4160–4180 range. Targets are 4140 and 4120. Participate with light position sizing and set a strict stop-loss.
Note: The above is only personal opinion and does not constitute investment advice. #黄金下跌
Current gold price is 4145.48. The overnight outlook played out as expected—after rallying, prices pulled back.
Technical view: The 1-hour Bollinger Bands are narrowing downward. Price is trading below the middle band, so bearish pressure remains. The 30-minute Bollinger Bands are gradually flattening; the short-term, modest rebound is a weak corrective move following the drop. The larger timeframe bearish trend has not changed.
Resistance: 4162, 4178.
Support: 4132, 4120.
Coco’s recommendation: Don’t chase longs in the morning. Continue to look for selling on rebounds. Sell in the 4160–4180 range. Targets are 4140 and 4120. Participate with light position sizing and set a strict stop-loss.
Note: The above is only personal opinion and does not constitute investment advice. #黄金下跌