10.7 Gold Morning Analysis
Gold is currently trading at 4163.78. The outlook from yesterday evening's analysis played out: after rising to the resistance level at 4169, gold came under pressure and pulled back. Price action unfolded as expected, and the resistance level was identified accurately.
Technical analysis: The 1-hour Bollinger Bands are gradually narrowing, with gold trading near the middle band as the tug-of-war between bulls and bears intensifies. The 30-minute Bollinger Bands are flattening, and upward momentum is fading. In the short term, price has entered a high-level consolidation phase, while the broader trend remains under pressure.
Resistance above: 4170, 4184; support below: 4145, 4130.
Keke's recommendation: Don't chase the rally during the morning session; continue to sell into rebounds. Consider short positions in the 4170–4190 range, targeting 4145 and 4125. Trade with a small position and be sure to set a stop-loss.
Note: The above represents personal views only and does not constitute investment advice. #黄金
Gold is currently trading at 4163.78. The outlook from yesterday evening's analysis played out: after rising to the resistance level at 4169, gold came under pressure and pulled back. Price action unfolded as expected, and the resistance level was identified accurately.
Technical analysis: The 1-hour Bollinger Bands are gradually narrowing, with gold trading near the middle band as the tug-of-war between bulls and bears intensifies. The 30-minute Bollinger Bands are flattening, and upward momentum is fading. In the short term, price has entered a high-level consolidation phase, while the broader trend remains under pressure.
Resistance above: 4170, 4184; support below: 4145, 4130.
Keke's recommendation: Don't chase the rally during the morning session; continue to sell into rebounds. Consider short positions in the 4170–4190 range, targeting 4145 and 4125. Trade with a small position and be sure to set a stop-loss.
Note: The above represents personal views only and does not constitute investment advice. #黄金