Enze: Momentum Release Complete, Gold Explores 5000 and Rebounds

After the international gold price fell sharply in the early period, it stopped falling and rebounded at the 4500 low last night. The momentum release is complete, and the short term has entered range-bound fluctuations. The unilateral decline has come to an end. The Fed's hawkish policy gradually digested, the US dollar and US Treasury yields have pulled back, providing a recovery opportunity for gold prices.

On the news front, the Fed's hawkish policy headwinds have been fully priced in, with reduced downward pressure; Middle East geopolitical risks and global central bank gold purchases continue to support gold prices, with limited downside room. The market has entered a balanced recovery stage.

On the technical side, gold prices have formed a stop-loss signal from bottoming out and rebounding at low levels, the 4-hour indicators are recovering, breaking away from extremely weak trends. Today's core range is 4600—4750, with 4600 as strong support and 4750 as key resistance.

Intraday operations will mainly focus on range-bound fluctuations and exploratory rebounds. Without major news, single-sided moves are unlikely. Operational suggestions: mainly take bottoming positions, lightly load on pullbacks to 4600—4630, reduce positions on rebounds to 4720—4750, with strict stop-loss and take-profit levels.

The current market is in a recovery period from the sharp decline, with a clear consolidation pattern. Avoid chasing rallies and panic selling; patiently wait for range trading opportunities.

Reminder: The above analysis is Enze's personal analysis for reference only and does not constitute any investment advice!
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