October 6 Gold Evening Commentary
Gold is currently trading at 4168.76. After dipping in the afternoon, the market rebounded. The resistance zone forecast in the midday commentary held firm, with prices meeting resistance near 4169. The market moved in line with the levels and trend anticipated earlier.
Technical analysis: The 1-hour Bollinger Bands are opening upward, with gold trading near the upper band as short-term bullish momentum builds. The 30-minute Bollinger Bands are also widening upward, indicating a strong short-term rebound. This is a recovery from lower levels, but watch for the risk of prices falling back under pressure at higher levels.
Resistance: 4170, 4190. Support: 4145, 4125.
Keke's suggestion: Don't chase the rally blindly tonight. Wait for prices to rise and encounter resistance before entering a position. Consider shorting in the 4170–4190 range, targeting 4145 and 4125. Keep positions small and use strict stop-losses.
Note: The above reflects personal views only and does not constitute investment advice.#黄金
Gold is currently trading at 4168.76. After dipping in the afternoon, the market rebounded. The resistance zone forecast in the midday commentary held firm, with prices meeting resistance near 4169. The market moved in line with the levels and trend anticipated earlier.
Technical analysis: The 1-hour Bollinger Bands are opening upward, with gold trading near the upper band as short-term bullish momentum builds. The 30-minute Bollinger Bands are also widening upward, indicating a strong short-term rebound. This is a recovery from lower levels, but watch for the risk of prices falling back under pressure at higher levels.
Resistance: 4170, 4190. Support: 4145, 4125.
Keke's suggestion: Don't chase the rally blindly tonight. Wait for prices to rise and encounter resistance before entering a position. Consider shorting in the 4170–4190 range, targeting 4145 and 4125. Keep positions small and use strict stop-losses.
Note: The above reflects personal views only and does not constitute investment advice.#黄金
