Xingran Midnight Gold 4-Hour Chart Analysis
On the 4-hour timeframe, the price has continued to fall from a high of 4315. After breaking below key levels, it accelerated downward and is now at 4100. All moving averages are sloping down and weighing on the price. Bearish momentum continues to build, and the overall downtrend is clear.
Resistance: 4118; strong resistance: 4128. Support: 4066; strong support: 4060.
Trading direction: Sell on a rebound
Entry: Enter a short position if the price rebounds into the 4117–4122 range
Stop loss: Above 4128.76; if the price holds above this level, the bearish outlook is invalidated
Targets: First target 4075; second target 4066$XAU #币安推出BinanceIntelligence
On the 4-hour timeframe, the price has continued to fall from a high of 4315. After breaking below key levels, it accelerated downward and is now at 4100. All moving averages are sloping down and weighing on the price. Bearish momentum continues to build, and the overall downtrend is clear.
Resistance: 4118; strong resistance: 4128. Support: 4066; strong support: 4060.
Trading direction: Sell on a rebound
Entry: Enter a short position if the price rebounds into the 4117–4122 range
Stop loss: Above 4128.76; if the price holds above this level, the bearish outlook is invalidated
Targets: First target 4075; second target 4066$XAU #币安推出BinanceIntelligence
