Afternoon Gold Market Analysis and Morning Review

Author: Gold Digger Old Cat

Trading doesn't have to forcefully capture every phase of the market; being able to steadily secure your own profits is the most reliable gain.

This morning, we provided a short position strategy around 4815. The market precisely touched 4814 at its highest, perfectly hitting the planned entry point. It then retreated to a low of 4779. Although it didn't directly reach our target zone, as long as friends followed the strategy and entered at high levels, they could safely profit from this decline. This also confirmed that our judgment of resistance at high levels was entirely correct.

Looking at the afternoon session, on the 1-hour Bollinger Bands, the price is currently below the middle band of 4820, with clear resistance still present. After the morning rally and pullback, the bullish momentum continued to weaken. The current price hovers around 4789 in a narrow range, indicating a recovery phase after a decline. The Bollinger Bands remain generally open downward, and the bearish structure has not been broken. The key resistance zone remains at 4800-4815. As long as the price cannot re-establish above the middle band, the bearish trend will persist. In terms of operation, continue with a high shorting approach, setting short positions within the 4800-4815 range, with initial support at 4770-4760. If broken, look toward the 4740 target zone.

The above is only a personal trading idea share and does not constitute any investment advice. The market carries risks; please trade cautiously. #黄金