6.29 Gold Morning Review: Pullback to Gather Strength, Intraday Longs on Dips


The early morning spike and retreat is a short-term pullback; the overall rebound trend remains unbroken, and the pullback presents an opportunity to go long at low levels.
Technical outlook: 1-hour Bollinger upper band 4108.02, middle band 4049.94, lower band 3991.87; 30-minute Bollinger upper band 4097.45, middle band 4072.14, lower band 4046.84. Price is retesting near the middle band, RSI is recovering from low levels, support at 4045 and 4000, resistance at 4072 and 4086.
Coco’s suggestion: Go long in batches on pullbacks to 4035–4055, targets 4070 and 4080, break above look toward 4095+. On a spike near 4090, you can lightly short, set stop-loss and control position.
Disclaimer: The above is only personal opinion and does not constitute investment advice.
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