Lao He Talks Gold: Analysis of the Gold Evening Market

On the news front, global risk sentiment has mildly improved, with major US stock indices rising slightly, weakening the safe-haven buying support for gold. Meanwhile, the market is awaiting further Federal Reserve policy signals, intensifying short-term bullish and bearish battles. Gold prices lack strong upward momentum, are under pressure to fall back and adjust, and have slightly declined within the day.

From a technical perspective, on the 4-hour chart, gold prices are generally in a downward trend, with a 0.67% decline today. Prices are pressured below the 5-day and 10-day moving averages, forming short-term resistance; the KDJ indicator has a death cross downward, indicating a bearish signal, with insufficient rebound momentum.

Trading suggestion: Lightly short in the 4538 range, targeting 4500/4460.

Lao He statement: The above content is personal opinion for reference only#现货黄金