Plunges to a one-year low, then rebounds from the bottom—the market is extremely oversold!
Bearish news hit the market, while rising crude oil prices drew funds away. Gold and silver plunged overnight, breaking key levels. Gold fell as low as 3852, setting a one-year low. The short-term decline has temporarily eased, and the market has entered an oversold-recovery phase.
On the 5-minute chart, the MACD is showing an initial bullish crossover with a bottom divergence, while the KDJ has fallen into negative territory. Short-term oversold signals are clear. I don't recommend chasing shorts at the open—the risk is high. The market will most likely rebound first to test resistance at the breakdown level.
Key levels
Support: 3850, 3800
Resistance: 3900, 3930
✅Trading idea:
Consider shorting if the rebound encounters resistance in the 3890–3910 range. The initial target is 3860, with further downside targets at 3840 and 3780.
$AAPLB $NVDAB #黄仁勋辞任CEO，英伟达战略走向受关注 #Anthropic拒绝延期IPO，本周路演估值几何？
Bearish news hit the market, while rising crude oil prices drew funds away. Gold and silver plunged overnight, breaking key levels. Gold fell as low as 3852, setting a one-year low. The short-term decline has temporarily eased, and the market has entered an oversold-recovery phase.
On the 5-minute chart, the MACD is showing an initial bullish crossover with a bottom divergence, while the KDJ has fallen into negative territory. Short-term oversold signals are clear. I don't recommend chasing shorts at the open—the risk is high. The market will most likely rebound first to test resistance at the breakdown level.
Key levels
Support: 3850, 3800
Resistance: 3900, 3930
✅Trading idea:
Consider shorting if the rebound encounters resistance in the 3890–3910 range. The initial target is 3860, with further downside targets at 3840 and 3780.
$AAPLB $NVDAB #黄仁勋辞任CEO，英伟达战略走向受关注 #Anthropic拒绝延期IPO，本周路演估值几何？
