11.12 Qiqi’s Morning Gold Commentary: A brief rebound after the sharp drop, but the overall bearish trend remains unchanged!
Yesterday’s decline released significant selling pressure, and gold prices saw a technical rebound. However, no substantial positive news has reversed the previously weak outlook, so the rebound is more of a consolidation after the drop.
Gold found support and rebounded after retesting 3968 in the morning session, and is now near 3998. Short-term indicators are recovering, but overhead resistance is clear, and the broader trend still leans downward. Resistance: 4008–4016; support: 3978–3968.
Trading reference: Consider entering short positions in batches on a rebound to the 4006–4014 range. The first target is 3982, with 3968 in sight if that level breaks. Avoid aggressively chasing long positions; bottom-fishing carries elevated risk.
⚠️Note: The market is choppy and fast-paced. Keep positions small and don’t neglect risk management.$XAU #新人宝典：从零了解TradFi #黄金
Yesterday’s decline released significant selling pressure, and gold prices saw a technical rebound. However, no substantial positive news has reversed the previously weak outlook, so the rebound is more of a consolidation after the drop.
Gold found support and rebounded after retesting 3968 in the morning session, and is now near 3998. Short-term indicators are recovering, but overhead resistance is clear, and the broader trend still leans downward. Resistance: 4008–4016; support: 3978–3968.
Trading reference: Consider entering short positions in batches on a rebound to the 4006–4014 range. The first target is 3982, with 3968 in sight if that level breaks. Avoid aggressively chasing long positions; bottom-fishing carries elevated risk.
⚠️Note: The market is choppy and fast-paced. Keep positions small and don’t neglect risk management.$XAU #新人宝典：从零了解TradFi #黄金
