11.01 $XAU Short-term trading outlook
Current price: 3892.5
Short-term trend: After a sharp decline earlier, the 1-hour chart found support after reaching a low of 3880.6. Price is now moving sideways in an extremely narrow range. In the short term, price has repeatedly fluctuated around the Bollinger Band middle line (3891.6), while the upper and lower bands have narrowed significantly (upper band: 3894.8), indicating that downward momentum has largely faded. Buyers and sellers are locked in a stalemate, and the overall market is forming a base after the sharp drop, awaiting a breakout.
Long positions on a pullback: Enter directly at the current price near 3880–3890
First target: 3895–3905
Second target: 3910–3920
$BTC $ETH
Current price: 3892.5
Short-term trend: After a sharp decline earlier, the 1-hour chart found support after reaching a low of 3880.6. Price is now moving sideways in an extremely narrow range. In the short term, price has repeatedly fluctuated around the Bollinger Band middle line (3891.6), while the upper and lower bands have narrowed significantly (upper band: 3894.8), indicating that downward momentum has largely faded. Buyers and sellers are locked in a stalemate, and the overall market is forming a base after the sharp drop, awaiting a breakout.
Long positions on a pullback: Enter directly at the current price near 3880–3890
First target: 3895–3905
Second target: 3910–3920
$BTC $ETH
