April 29 Midday Thinking: Gold



Currently, the market is centered around technical repairs and Federal Reserve policy expectations. The rate cut expectations fluctuate, and gold prices are trapped in a range-bound oscillation, with no clear direction for bulls or bears. Recently, there has been a lot of data, large volatility, and a focus on stability.

The Bollinger Bands on the technical chart are flat, with a range of 4591-4603. The middle band support is effective, with a slight advantage for the bulls, but there is obvious resistance above, so watch in the afternoon whether it can break through.

Trading suggestions:
Rebound at 4615-4635 to short, strong resistance at 4645-4665 to add to short positions; if it drops directly, short near 4600.
Target towards 4580-4550. $BTC $BTC #WCTC交易王PK
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