Xingran: Morning Gold Market Analysis for October 7
On the 4-hour timeframe, after falling from a high of 4315 to a low of 4105, the price began a low-level rebound and recovery. The current price is 4165. The price is holding above the short-term moving averages, and the lows are gradually rising. The short-term rebound is continuing, but medium-term resistance remains overhead, making this a rebound following a decline.
Resistance: 4169; strong resistance: 4210. Support: 4146; strong support: 4105
Trade direction: Buy on a pullback
Entry: Enter a long position on a pullback into the 4144‑4149 range
Stop-loss: Below 4105.98; a break below this level invalidates the bullish outlook
Targets: First target: 4169; second target: 4210$XAU #币安推出BinanceIntelligence
On the 4-hour timeframe, after falling from a high of 4315 to a low of 4105, the price began a low-level rebound and recovery. The current price is 4165. The price is holding above the short-term moving averages, and the lows are gradually rising. The short-term rebound is continuing, but medium-term resistance remains overhead, making this a rebound following a decline.
Resistance: 4169; strong resistance: 4210. Support: 4146; strong support: 4105
Trade direction: Buy on a pullback
Entry: Enter a long position on a pullback into the 4144‑4149 range
Stop-loss: Below 4105.98; a break below this level invalidates the bullish outlook
Targets: First target: 4169; second target: 4210$XAU #币安推出BinanceIntelligence
