European-session gold prices broke above today's high, rising to as high as $4141 so far. Today's market can no longer be judged simply by using a rule of thumb.
First, last night's rebound high was just above today's high, around 4155. Second, gold rebounded in the afternoon, but the three KDJ lines are in overbought territory, and the rebound still lacks momentum.
For tonight's trades, first watch the 4145-4155 resistance zone. Only if gold breaks above this range tonight can we say it has reversed in the short term; otherwise, gold is still likely to trade narrowly within the 4100-4155 range!#黄金 #伦敦金 $XAUUSD
First, last night's rebound high was just above today's high, around 4155. Second, gold rebounded in the afternoon, but the three KDJ lines are in overbought territory, and the rebound still lacks momentum.
For tonight's trades, first watch the 4145-4155 resistance zone. Only if gold breaks above this range tonight can we say it has reversed in the short term; otherwise, gold is still likely to trade narrowly within the 4100-4155 range!#黄金 #伦敦金 $XAUUSD
