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Moyao: Bullish momentum drives a rally, continue to accumulate low positions for the future
The Asian session gold bulls are in full force, surging from 4680 all the way up to 4732, market buying sentiment is high, and the bullish trend remains intact.
The short-term moving averages are arranged in a standard bullish order, the Bollinger Bands are continuously expanding upward, and the gold price is steadily holding in a strong oscillation zone. Currently, it is consolidating around the 4730 level, and after gathering strength, there is still room for an upward move.
Trading suggestions
Pull back to the 4705-4715 range to buy in batches, with the first short-term target at 4740. If it breaks through and stabilizes, look for a move towards the 4760-4780 high zone.