Gold, 10/26:
On the daily chart, the Bollinger Bands are opening downward, and the price has broken below the lower band. Gold is currently trading below the lower Bollinger Band, indicating a clear bearish trend, with resistance at the middle band.
As for the KDJ indicator, the J-value has entered oversold territory below zero. Some short-term downward momentum has been released, and a technical rebound may be due. However, the indicator has not formed a golden cross, and the overall trend remains weak.
Trading recommendation:
Go short at 4010–3990, target 3870–3850, stop at 4020.
(For reference only; actual market conditions prevail!)
On the daily chart, the Bollinger Bands are opening downward, and the price has broken below the lower band. Gold is currently trading below the lower Bollinger Band, indicating a clear bearish trend, with resistance at the middle band.
As for the KDJ indicator, the J-value has entered oversold territory below zero. Some short-term downward momentum has been released, and a technical rebound may be due. However, the indicator has not formed a golden cross, and the overall trend remains weak.
Trading recommendation:
Go short at 4010–3990, target 3870–3850, stop at 4020.
(For reference only; actual market conditions prevail!)
