Eagle Eye Gold No. 24 Analysis

Yesterday, the knowledgeable king first hinted that negotiations between both sides were about to make a major breakthrough, then he launched attacks on the Holmutz Strait minesweepers. This is a typical case of $BTC $ETH "slapping one and giving a date." Market sentiment was affected by this, with gold initially suppressed and then rising, hitting a bottom around 4684 in the afternoon before quickly rebounding.

Back to the chart, the 1-hour timeframe is at the end of a downtrend with low-level oscillation, Bollinger Bands opening downward with narrowing bandwidth, indicating a short-term weak trend but diminishing downward momentum. Key support zones at 4660-4670 and resistance zones at 4710-4720 will determine the short-term direction. In terms of operation, focus on range-bound buying low and selling high, waiting for a breakout to follow the trend, and adjusting strategies promptly.

Trading suggestions:

Buy gold at 4660-4670, target 4720
Sell gold at 4700-4720, target 4670