Last night, gold held firmly at the 4033 support level, perfectly fulfilling the bullish outlook I shared. The market continued to gain momentum in early trading today, surging directly to around 4140.
But I want to emphasize one thing here: the faster the market rises, the greater the risk of a short-term pullback. The broader bullish trend is clear for everyone to see. The real challenge is not chasing the rally, but finding a safe entry point.
On the 4-hour chart, this rally has broken through several key resistance levels in succession: 4050, 4078, and 4086. Short-term bulls have full control of the market's momentum. The 4-hour MACD has crossed above the zero line, and the red bars continue to expand, showing solid medium-term bullish momentum. There are no signs of the trend weakening.
After surging to touch the 4-hour 200-period moving average, the price came under pressure and pulled back. Gold is now significantly above its short-term moving averages, while the RSI is approaching overbought territory. Although the trend is strong, chasing the rally at these levels offers very poor risk-reward, and a technical pullback to correct the move could happen at any time.
If the price remains under pressure in the 4133–4140 range and a weaker reversal signal appears on a shorter timeframe, you could take a small position to capture a short-term corrective pullback. If the price falls back to the key 4086 support level and shows signs of stabilizing, look for an opportunity to enter a long position. #美国中期选举：市场有哪些期待？ $XAU #xau
But I want to emphasize one thing here: the faster the market rises, the greater the risk of a short-term pullback. The broader bullish trend is clear for everyone to see. The real challenge is not chasing the rally, but finding a safe entry point.
On the 4-hour chart, this rally has broken through several key resistance levels in succession: 4050, 4078, and 4086. Short-term bulls have full control of the market's momentum. The 4-hour MACD has crossed above the zero line, and the red bars continue to expand, showing solid medium-term bullish momentum. There are no signs of the trend weakening.
After surging to touch the 4-hour 200-period moving average, the price came under pressure and pulled back. Gold is now significantly above its short-term moving averages, while the RSI is approaching overbought territory. Although the trend is strong, chasing the rally at these levels offers very poor risk-reward, and a technical pullback to correct the move could happen at any time.
If the price remains under pressure in the 4133–4140 range and a weaker reversal signal appears on a shorter timeframe, you could take a small position to capture a short-term corrective pullback. If the price falls back to the key 4086 support level and shows signs of stabilizing, look for an opportunity to enter a long position. #美国中期选举：市场有哪些期待？ $XAU #xau