10.12 Gold Evening Review
Spot gold weakened after retreating from its evening high, with the current price trading near 4171. The intraday low was 4168.75, while the intraday high reached 4217.17.
On the 4-hour chart, the rebound that began at 4066 has not yet been invalidated. On the 1-hour chart, after reaching 4217, bullish momentum faded and prices pulled back consecutively. Short-term upward momentum has weakened, and the market has entered a corrective consolidation phase.
Key Levels
Resistance: 4195–4210
Support: 4155–4140
Trading Strategy
Avoid blindly chasing long positions this evening. Near the 4195–4210 resistance zone, consider testing a short position with a small position size, targeting 4155–4140.
There are currently no major data releases driving the market, so price action is mainly technical. Short-term fluctuations may be frequent, so be sure to strictly manage position size and protect against risk.$XAU
Spot gold weakened after retreating from its evening high, with the current price trading near 4171. The intraday low was 4168.75, while the intraday high reached 4217.17.
On the 4-hour chart, the rebound that began at 4066 has not yet been invalidated. On the 1-hour chart, after reaching 4217, bullish momentum faded and prices pulled back consecutively. Short-term upward momentum has weakened, and the market has entered a corrective consolidation phase.
Key Levels
Resistance: 4195–4210
Support: 4155–4140
Trading Strategy
Avoid blindly chasing long positions this evening. Near the 4195–4210 resistance zone, consider testing a short position with a small position size, targeting 4155–4140.
There are currently no major data releases driving the market, so price action is mainly technical. Short-term fluctuations may be frequent, so be sure to strictly manage position size and protect against risk.$XAU