10.9
#Gold[Weibo Buzz]#Gold has been continuously pulling back and forth in the past few days. The market has been repeatedly whipsawed, and at this stage it still falls within a consolidation-and-recovery行情. I’ve already reminded everyone before that the current market lacks continuity. In terms of trading, it’s suitable to move fast—get in and out quickly—and capture intraday back-and-forth swings. Even “mosquito-chopped meat” is still profit. Today we placed a long order at 4120 to bet on an upside rebound. For the New York session, we shorted with resistance at 4128, and the market also followed through with the expected pullback. Overall, the rhythm matches the consolidation-and-recovery pattern exactly.
From the 1-hour cycle: after yesterday’s sharp drop, gold prices quickly recovered and returned to range-bound consolidation. For the short term, pay close attention to 4080 support on the downside. On the upside, resistance is around 4180–4200. In the near term, the market is defined as consolidation and recovery. The overall consolidation structure is on the weaker side, but the room for further downside opening is relatively limited.
Gold trading recommendations
4160-4175 area (long), target 4110-4070.
#XAU
#Gold[Weibo Buzz]#Gold has been continuously pulling back and forth in the past few days. The market has been repeatedly whipsawed, and at this stage it still falls within a consolidation-and-recovery行情. I’ve already reminded everyone before that the current market lacks continuity. In terms of trading, it’s suitable to move fast—get in and out quickly—and capture intraday back-and-forth swings. Even “mosquito-chopped meat” is still profit. Today we placed a long order at 4120 to bet on an upside rebound. For the New York session, we shorted with resistance at 4128, and the market also followed through with the expected pullback. Overall, the rhythm matches the consolidation-and-recovery pattern exactly.
From the 1-hour cycle: after yesterday’s sharp drop, gold prices quickly recovered and returned to range-bound consolidation. For the short term, pay close attention to 4080 support on the downside. On the upside, resistance is around 4180–4200. In the near term, the market is defined as consolidation and recovery. The overall consolidation structure is on the weaker side, but the room for further downside opening is relatively limited.
Gold trading recommendations
4160-4175 area (long), target 4110-4070.
#XAU