_Crush_

The market is consolidating within the broader range of 4605-4656. The main strategy is to buy low and sell high.
If the price fails to break above 4656, a pullback is expected; if the price holds above 4600, the consolidation pattern will remain intact. The gold price is still within an upward structure and continues to follow the ascending trendline to find support in the key demand zone of 4600-4620.
Pay close attention to whether the upper or lower bound of this range is broken.
First resistance zone: 4652-4660. On a rebound, consider shorting; set a stop-loss at 4665, with targets at 4630-4625.
Strong resistance zone: 4670-4680. A sustained break above this level is needed for the bulls to regain control.
Short-term support zone: 4614-4624. On a pullback, consider going long; target 4648-4654.
Lower bound of the range: 4600-4610. Holding above this level will maintain the consolidation; a decisive breakdown below it will open further downside room and trigger a larger pullback.
Personal opinion only, for reference, and does not constitute investment advice!!!
#黄金 #XAU

After rising to 4696 during the Asian session, the price sharply fell to a low of 4618, then rebounded. Current price is around 4640.
The gold’s mid-term bullish trend remains intact, but the short-term price is severely overbought and faces important resistance overhead.
Today’s market overall shows a broad, wide-range consolidation at high levels.
Do not assume a one-way surge, and do not immediately conclude that the market has topped. Closely watch the 4600-4620 support zone and the 4660-4680 resistance zone.
The true mid-term direction will become clearer after tomorrow’s PCE inflation data and Friday’s remarks at the Jackson Hole symposium.
First resistance level: 4660-4680 (strong short-term resistance; a key level for any rebound). A break above this range will open up further upside potential.
Key support level: 4600-4620, the critical line separating bullish and bearish sentiment.
Holding firmly above 4656 will likely sustain the rebound; a drop below 4618 will restore the downward trend.
Personal view only for reference and does not constitute investment advice!!!
#黄金 #XAU

After comments by US Treasury Secretary Bessenter, the gold price briefly surged.

Having broken strongly above 4500, gold is now approaching 4550. The near-term focus is on the resistance level around 4550.

If it breaks above 4550, it will push gold further toward 4600.

The market is currently extremely volatile. Although the bullish outlook is clear, it still needs to wait for a pullback before entering.

Consider going long around 4490-4510.

Gold is currently hovering around 4525. Stay patient and monitor closely, waiting for the right time to enter.$XAU