The morning market made a one-way move. Long from 4130; the 4165 target has been reached—a 35-point move. #黄金 $XAU
Post
--Bullish
江弈观金
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Bullish10.9 Early-Morning Market Analysis Strategy
Gold prices continue the low-level rebound and recovery trend. On the one-hour timeframe, the short-term moving averages continue to slope upward and support price, with the 5/10/20-day moving averages in a bullish alignment. The short-term rebound structure remains intact, but the previous high above still poses strong resistance. This is still a recovery move after a sharp decline, and the larger timeframe trend has not yet fully reversed.
Short-term resistance above is 4146‑4150, the high of this rebound. Only by holding above this range can the rebound room expand further. Short-term support below is 4126‑4129 (the 20-day and 10-day moving averages), with the key defensive low at 4087.76. If this level is broken, the current rebound will be over and bears will return.
Suggestion
Long at 4110‑4130, target 4145‑4165#黄金 $XAU
Gold prices continue the low-level rebound and recovery trend. On the one-hour timeframe, the short-term moving averages continue to slope upward and support price, with the 5/10/20-day moving averages in a bullish alignment. The short-term rebound structure remains intact, but the previous high above still poses strong resistance. This is still a recovery move after a sharp decline, and the larger timeframe trend has not yet fully reversed.
Short-term resistance above is 4146‑4150, the high of this rebound. Only by holding above this range can the rebound room expand further. Short-term support below is 4126‑4129 (the 20-day and 10-day moving averages), with the key defensive low at 4087.76. If this level is broken, the current rebound will be over and bears will return.
Suggestion
Long at 4110‑4130, target 4145‑4165#黄金 $XAU