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Weekly Closing Gold Analysis
As the week closes, gold surged higher in early trading to test the 4200 mark.
If it closes above 4200, bulls will stabilize; if it breaks below, the adjustment will continue. The intraday bias is bullish, with a morning rally and likely evening pullback; wait for dips to go long.
The daily chart shows consecutive bullish candles standing above the moving averages, signaling a shift from weakness to strength; the 4-hour chart shows a step-up rally with rising lows, the upper Bollinger Band opening, and a MACD golden cross, indicating an intact bullish trend.
Key supports are at 4150 and 4130; only buy on dips, do not chase highs.
Operation: Buy on pullbacks to 4140-4160, targeting 4200 and 4230. #黄金