5.9 Xin Xin Gold Morning Analysis

In the morning, the gold price was met with resistance near 4751 and quickly pulled back. At the high level, it formed consecutive upper shadows. After the “dā tóu” push was obvious, its momentum appeared to be running out. After the price surged above 4730, a large bearish candle smashed the market and directly broke through short-term support. This shows that the sell pressure above has been released in a concentrated way, the “dā tóu” strength has been severely weakened, and the current trend has shifted from a slightly bullish consolidation to a weak downward channel.

From the indicators, after the KDJ completed a death cross at high levels, it has continued to fall. It has now entered the oversold range, and the rebound and repair strength is extremely weak, indicating that “dā tóu” momentum is currently dominating the market. At the same time, the ATR continues to narrow, market volatility is declining, and there is a lack of momentum support for sustained upward advances. The pullback signal after lagging and stalling at high levels is already clear, and the short-term trend is now biased toward “dā tóu.”

Current price is weakly moving sideways around 4715. This is a “dā tóu” pause and consolidation after a rally, not a second buildup. If it cannot quickly reclaim the 4725 level, a second pullback is highly likely to begin in the short term. Downside support is expected in the 4700-4685 range. High-level “dā tóu” positions need to stop losses in a timely manner to avoid downside risk.

Trading Suggestions:
For gold, position near 4725-4730 to follow the trend and look for “dā tóu,” with targets at 4690-4695. Be cautious about chasing “dā tóu.”
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