10.5 Gold Evening Commentary
Gold is currently trading at 4154.52. The outlook from the midday commentary has played out: the price rebounded, met resistance, and moved sideways. The market’s pace has matched expectations, and the predicted support and resistance levels have been accurate.
Technical analysis: On the 1-hour chart, the Bollinger Bands are narrowing downward, and gold is trading below the middle band, so bearish pressure remains. On the 30-minute chart, the Bollinger Bands are flattening and tilting slightly upward. The current rebound is a recovery following the decline; the broader bearish trend remains unchanged.
Resistance: 4170, 4178. Support: 4132, 4120.
Keke’s recommendation: Don’t chase longs this evening; continue selling into rallies. Consider short positions in the 4165–4185 range, targeting 4132 and 4120. Trade small and be sure to use a stop-loss.
Note: The above reflects personal views only and does not constitute investment advice. #黄金
Gold is currently trading at 4154.52. The outlook from the midday commentary has played out: the price rebounded, met resistance, and moved sideways. The market’s pace has matched expectations, and the predicted support and resistance levels have been accurate.
Technical analysis: On the 1-hour chart, the Bollinger Bands are narrowing downward, and gold is trading below the middle band, so bearish pressure remains. On the 30-minute chart, the Bollinger Bands are flattening and tilting slightly upward. The current rebound is a recovery following the decline; the broader bearish trend remains unchanged.
Resistance: 4170, 4178. Support: 4132, 4120.
Keke’s recommendation: Don’t chase longs this evening; continue selling into rallies. Consider short positions in the 4165–4185 range, targeting 4132 and 4120. Trade small and be sure to use a stop-loss.
Note: The above reflects personal views only and does not constitute investment advice. #黄金