🔥 Luo Yi’s Morning Gold Outlook
Trend Assessment
After yesterday’s sharp sell-off in gold, prices moved sideways at low levels during the morning session as they attempted to stabilize. The broader bearish trend remains unchanged. The current rebound is merely a technical pause after the decline, so the priority is to watch for a pullback under resistance rather than rush to call a reversal.
Market Review
After gold prices lost the key support level at 4000, sellers drove a sustained decline, pushing prices down to a low of 3852.51 before the slide paused. Prices stabilized at low levels overnight and rebounded slightly, and are now fluctuating around 3880. After several consecutive sharp declines, some bearish momentum has been released, but layers of overhead resistance remain, and buyers have yet to generate sustained upward momentum.
Market Analysis
Looking at the broader timeframe structure, this rebound is a corrective recovery after an oversold decline, not a trend reversal. Resistance overhead is gradually moving lower, limiting the rebound’s potential. Sellers may resume pushing prices lower after the rebound encounters resistance. Until prices hold above key resistance, avoid chasing long positions; instead, wait to trade around resistance levels and look for short opportunities.
✅Trading Recommendations
If the rebound encounters resistance at 3895–3905, consider opening short positions, with a stop at 3912. The initial target is 3876; if that level breaks, look for a further decline toward 3852. $XAU #XAU #黄仁勋辞任CEO，英伟达战略走向受关注
Trend Assessment
After yesterday’s sharp sell-off in gold, prices moved sideways at low levels during the morning session as they attempted to stabilize. The broader bearish trend remains unchanged. The current rebound is merely a technical pause after the decline, so the priority is to watch for a pullback under resistance rather than rush to call a reversal.
Market Review
After gold prices lost the key support level at 4000, sellers drove a sustained decline, pushing prices down to a low of 3852.51 before the slide paused. Prices stabilized at low levels overnight and rebounded slightly, and are now fluctuating around 3880. After several consecutive sharp declines, some bearish momentum has been released, but layers of overhead resistance remain, and buyers have yet to generate sustained upward momentum.
Market Analysis
Looking at the broader timeframe structure, this rebound is a corrective recovery after an oversold decline, not a trend reversal. Resistance overhead is gradually moving lower, limiting the rebound’s potential. Sellers may resume pushing prices lower after the rebound encounters resistance. Until prices hold above key resistance, avoid chasing long positions; instead, wait to trade around resistance levels and look for short opportunities.
✅Trading Recommendations
If the rebound encounters resistance at 3895–3905, consider opening short positions, with a stop at 3912. The initial target is 3876; if that level breaks, look for a further decline toward 3852. $XAU #XAU #黄仁勋辞任CEO，英伟达战略走向受关注
