11.4 Luo Yi Gold Morning Analysis
Overall Trend:
Gold came under pressure and pulled back this morning. The SAR indicator is overhead around 3940, pointing to weak, choppy short-term conditions. After bulls pushed prices higher, they failed to hold onto the gains, and selling pressure is gradually easing. The market’s center of gravity continues to move lower, so watch for a test of support at lower levels. Don’t rush to buy the dip.
Market Recap:
After peaking at 3971 in the previous rally, prices turned choppy and weakened. There was a rebound and recovery along the way, but it lacked momentum and failed to break through overhead resistance. The current price is around 3920, and the decline continued this morning, with bears holding the short-term advantage.
Market Analysis:
The first resistance zone overhead is 3935–3940, where the SAR defense line sits. If prices fail to reclaim this level on a rebound, the current pullback may continue. The first support below is 3917. If this level breaks, prices may test an even lower range. The market is moving quickly and whipsawing, so wait for signs of stabilization before entering. Don’t chase prices up or down.
Trading Advice:
✅ Long: Consider buying on a pullback near 3905, with a stop at 3894. Targets: 3925 and 3965.
$XAU #xau
Overall Trend:
Gold came under pressure and pulled back this morning. The SAR indicator is overhead around 3940, pointing to weak, choppy short-term conditions. After bulls pushed prices higher, they failed to hold onto the gains, and selling pressure is gradually easing. The market’s center of gravity continues to move lower, so watch for a test of support at lower levels. Don’t rush to buy the dip.
Market Recap:
After peaking at 3971 in the previous rally, prices turned choppy and weakened. There was a rebound and recovery along the way, but it lacked momentum and failed to break through overhead resistance. The current price is around 3920, and the decline continued this morning, with bears holding the short-term advantage.
Market Analysis:
The first resistance zone overhead is 3935–3940, where the SAR defense line sits. If prices fail to reclaim this level on a rebound, the current pullback may continue. The first support below is 3917. If this level breaks, prices may test an even lower range. The market is moving quickly and whipsawing, so wait for signs of stabilization before entering. Don’t chase prices up or down.
Trading Advice:
✅ Long: Consider buying on a pullback near 3905, with a stop at 3894. Targets: 3925 and 3965.
$XAU #xau
