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Lao He Talks Gold: Midnight Market Analysis and Sharing
News: The US weekly initial jobless claims came in at 209k, below the expected 210k, indicating the labor market remains resilient. The US dollar index slightly rebounded, and gold prices retreated.
Technical: On the 4-hour chart, gold prices broke below the short-term moving average support, with MA5 and MA10 forming a death cross, indicating short-term bearish momentum is being released.
Trading suggestion: Consider short positions around 4535, targeting 4505/4460.
Lao He statement: The above content reflects personal ideas for reference only.