$XAU Gold has stabilized after a sharp drop. Current price: 4169. Going long, target 4190.
Brothers, look at this steep downhill move in gold. It’s a classic sign that the price has run out of steam on the downside. After pulling back from the 4205 high, the price traded sideways in the 4165–4170 range for a long time. Pay attention to the MACD below: although the price is still hovering near its lows, bearish momentum has clearly waned, and the fast and slow lines are showing signs of a bullish crossover below the zero line.
This is a very clear bullish divergence, indicating that selling pressure is fading and buyers are getting ready to strike back. The price is now holding above 4169, and the moving averages are starting to flatten and converge. Once the price breaks through short-term resistance above, a rebound could begin at any moment.
My suggested strategy:
Try a small long position at the current price, with a stop-loss below 4165. The first target is 4185; if the price breaks through, hold for 4190. Remember, the first rebound after a choppy base forms is usually relatively steady. Take a quick profit and don’t get greedy. The indicators have reset, and the rebound is ready to take off.
#Strategy周五股价下跌9% #美国PPI同比升至6.3% $AGT
Brothers, look at this steep downhill move in gold. It’s a classic sign that the price has run out of steam on the downside. After pulling back from the 4205 high, the price traded sideways in the 4165–4170 range for a long time. Pay attention to the MACD below: although the price is still hovering near its lows, bearish momentum has clearly waned, and the fast and slow lines are showing signs of a bullish crossover below the zero line.
This is a very clear bullish divergence, indicating that selling pressure is fading and buyers are getting ready to strike back. The price is now holding above 4169, and the moving averages are starting to flatten and converge. Once the price breaks through short-term resistance above, a rebound could begin at any moment.
My suggested strategy:
Try a small long position at the current price, with a stop-loss below 4165. The first target is 4185; if the price breaks through, hold for 4190. Remember, the first rebound after a choppy base forms is usually relatively steady. Take a quick profit and don’t get greedy. The indicators have reset, and the rebound is ready to take off.
#Strategy周五股价下跌9% #美国PPI同比升至6.3% $AGT