#数字资产行情上升 Gold Market Early Review｜4415 Support Holding Steady, Can We See a Rebound in the Short Term?
Today's gold price action has quite a story. Loosening gradually from the 4500 high, the market accelerated downward during the session, even touching the 4415 low. Interestingly, the price didn't plunge further here; instead, it began consolidating back and forth in the 4420-4430 range, with bearish momentum clearly losing steam at the lows.
From a technical perspective, this looks more like a technical correction after a rapid pressure release. While the decline is significant, the key support level hasn't been broken through, and signs of buying at the bottom have actually emerged.
Fundamental support exists as well. While the US Dollar Index has short-term fluctuations, it hasn't formed a one-sided surge; meanwhile, geopolitical tensions and global stock market volatility persist, continuing to provide safe-haven demand support—this is why gold has held firm at the 4415 level. Signs of fund inflows in the market are quite evident, hardly a situation where no one is interested.
From a technical angle, 4415 is the key low point of the day. The hourly chart has already formed a clear bottoming pattern, with the subsequent consecutive bullish candles showing buying interest resurfacing. While short-term moving average structure still faces pressure, the divergence is already widening, and rebound correction space is right in front of us.
Recent Trading Strategy: Support Hold Around 4395 Rebound Targets First Look at 4440-4450, Continue to 4460 After Breakout If Rebound to 4450-4460 Area Faces Resistance and Falls Back, Consider Light Reverse Positions, Stop Loss Set at 4465, Pullback Target Back to 4440-4430
#数字资产行情上升 Gold Market Early Review｜4415 Support Holding Steady, Can We See a Rebound in the Short Term?
Today's gold price action has quite a story. Loosening gradually from the 4500 high, the market accelerated downward during the session, even touching the 4415 low. Interestingly, the price didn't plunge further here; instead, it began consolidating back and forth in the 4420-4430 range, with bearish momentum clearly losing steam at the lows.
From a technical perspective, this looks more like a technical correction after a rapid pressure release. While the decline is significant, the key support level hasn't been broken through, and signs of buying at the bottom have actually emerged.
Fundamental support exists as well. While the US Dollar Index has short-term fluctuations, it hasn't formed a one-sided surge; meanwhile, geopolitical tensions and global stock market volatility persist, continuing to provide safe-haven demand support—this is why gold has held firm at the 4415 level. Signs of fund inflows in the market are quite evident, hardly a situation where no one is interested.
From a technical angle, 4415 is the key low point of the day. The hourly chart has already formed a clear bottoming pattern, with the subsequent consecutive bullish candles showing buying interest resurfacing. While short-term moving average structure still faces pressure, the divergence is already widening, and rebound correction space is right in front of us.
Recent Trading Strategy:
Support Hold Around 4395
Rebound Targets First Look at 4440-4450, Continue to 4460 After Breakout
If Rebound to 4450-4460 Area Faces Resistance and Falls Back, Consider Light Reverse Positions, Stop Loss Set at 4465, Pullback Target Back to 4440-4430