11.12 Gold Trading Outlook
Yesterday, gold continued its bearish downward trend, weakening steadily under pressure from hawkish inflation expectations. It dipped to an intraday low of 3968, then found support and edged higher, closing near 3991. Overall, this was a stabilization and recovery near the lows following a sharp decline; the broader bearish structure remains intact.
On the 1-hour chart, the modest short-term rebound is merely a pause in the decline. If the rebound meets resistance at 4030, the bearish trend may continue, with another test of the 3970 low. If that level breaks, gold could fall further toward the 3950–3930 area. For today, the main strategy is to look for short positions when prices encounter resistance.
Trading suggestion: Short at 4020–4030; stop loss above 4040; targets: 3970–3930.
(These are personal suggestions for reference only; actual trading conditions should take precedence.)#XAU $XAU
Yesterday, gold continued its bearish downward trend, weakening steadily under pressure from hawkish inflation expectations. It dipped to an intraday low of 3968, then found support and edged higher, closing near 3991. Overall, this was a stabilization and recovery near the lows following a sharp decline; the broader bearish structure remains intact.
On the 1-hour chart, the modest short-term rebound is merely a pause in the decline. If the rebound meets resistance at 4030, the bearish trend may continue, with another test of the 3970 low. If that level breaks, gold could fall further toward the 3950–3930 area. For today, the main strategy is to look for short positions when prices encounter resistance.
Trading suggestion: Short at 4020–4030; stop loss above 4040; targets: 3970–3930.
(These are personal suggestions for reference only; actual trading conditions should take precedence.)#XAU $XAU
