Key Price Levels (London Gold)



• Strong Resistance: $4180-$4220 (former support turned resistance)

• First Resistance: $4120-$4150 (intraday fluctuation range)

• Strong Support: $4030-$4000 (overnight lows + psychological level)

• Extreme Support: $3950-$3900 (medium-term correction target range)

Patterns and Indicators

• Long cycle (weekly/daily): Moving averages arranged in a bearish pattern, Bollinger Bands opening downward, MACD green histogram expanding, and the bearish trend is established.

• Short cycle (4 hours): Oversold; RSI is approaching 30. There is demand for a modest rebound, but it’s unlikely to change the overall bearish outlook.

V. Market Outlook and Strategy

Short term (1-3 days)

• Most likely, low-range consolidation followed by an oversold rebound. Rebound targets: $4150-$4200. After hitting resistance, the price may fall further, testing the $4000 level.

Medium term (1-3 months)

• The main trend is weak and moving downward. The core range is $3900-$4200. Central bank gold purchases may form a bottom around $3900, followed by wide-range consolidation to build a bottom.
#美国5月CPI创三年新高
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