During today’s early session, gold pulled back to a low of $4,366 before continuing Friday’s upward trend, rising to a high of $4,416, after which gold fluctuated within the $4,410–$4,386 range.
As gold consolidates amid volatility, the bullish trend on the hourly chart has become more pronounced. The moving average system shows a bullish alignment, the Bollinger Bands are opening upward, and gold is trading between the middle and upper bands. The MACD fast and slow lines are overlapping, awaiting a bullish breakout with increased volume. Tonight’s market is expected to rise to around $4,440.
Tonight’s trading plan:
Personally, I recommend focusing on the support near the intraday early-session pullback low around $4,385. If gold pulls back to $4,390 tonight, decisively position for a long trade, with a stop-loss at $4,380 and an upside target of $4,440!
The above is only my personal view. Those with different opinions are welcome to disagree respectfully; this does not constitute investment advice. Financial markets are highly volatile, and investing involves risks. Please exercise caution when entering the market.#黄金 #伦敦金 $XAUUSD ‌