🔥11.11 Luo Yi’s Gold Morning Outlook
Market Review: Yesterday’s CPI-driven bearish sentiment continued to build. Gold sold off sharply on rising volume last night, falling all the way from a high of 4146 to a low of 4013.53. It has now staged a modest rebound to around 4033. Overall, bearish momentum remains strong. This rebound is only a brief pause after the decline, not a reversal.
Market Analysis: The broader structure has weakened, with heavy resistance overhead and limited room for a rebound. The key support below is around 4020; if it fails to hold, prices could fall further. Near-term resistance is at 4055–4060.
Trading Plan: Favor trading with the trend and don’t rush to buy the dip. If a rebound to 4055–4060 meets resistance, consider a short position, with a stop at 4067 and targets at 4030 and 4020. If price retests the area around 4020 and holds, consider a small long position, with a stop at 4012 and a target above 4045. Without confirmation that support is holding, do not take a heavy position buying the dip.$XAU #XAU #CPI高于预期，美股与BTC再度承压
Market Review: Yesterday’s CPI-driven bearish sentiment continued to build. Gold sold off sharply on rising volume last night, falling all the way from a high of 4146 to a low of 4013.53. It has now staged a modest rebound to around 4033. Overall, bearish momentum remains strong. This rebound is only a brief pause after the decline, not a reversal.
Market Analysis: The broader structure has weakened, with heavy resistance overhead and limited room for a rebound. The key support below is around 4020; if it fails to hold, prices could fall further. Near-term resistance is at 4055–4060.
Trading Plan: Favor trading with the trend and don’t rush to buy the dip. If a rebound to 4055–4060 meets resistance, consider a short position, with a stop at 4067 and targets at 4030 and 4020. If price retests the area around 4020 and holds, consider a small long position, with a stop at 4012 and a target above 4045. Without confirmation that support is holding, do not take a heavy position buying the dip.$XAU #XAU #CPI高于预期，美股与BTC再度承压
