Gold!!


The US dollar index shows a slight strengthening, but the upward momentum is clearly insufficient, and the room for further gains is limited. Although real interest rates have rebounded, their suppressive effect on gold prices is relatively weak. Additionally, the support in the low price area is dense, and the bearish momentum has significantly weakened. Currently, gold prices have entered a stabilization and rebound window.

In the morning session, the price retraced to the lower band of the Bollinger Bands and was precisely supported, effectively curbing the decline, and a short-term technical rebound is now underway.

Trading suggestions:

· Long position strategy: A pullback to the 4670-4650 range can be used to establish a low buy, and if it further dips to the 4640-4620 area, consider adding positions; if gold directly consolidates and rises, then follow up with long positions around 4685, targeting above 4700.
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