Muyao: Deep V-bottom completed, gold prices usher in a bullish recovery window



Gold prices saw a rebound from the lows yesterday, with buying power entering the market in force after finding support at 4054, surging over 80 points in a single day to a high of 4138. In the short term, prices have stabilized above the middle Bollinger Band, with the moving averages forming a bullish alignment. The consolidation is a period of accumulation and rest after the rise, with no bearish signals.

The dollar's upward momentum is insufficient, and expectations of interest rate cuts are heating up. Gold's safe-haven appeal is attracting capital inflows, maintaining a relatively strong run in the short term.

Operations:
Buy in batches as prices stabilize in the 4090-4110 range, with targets at 4150, 4180, and 4200 in order.

Note:
The above analysis is Muyao's personal analysis. The market changes rapidly, and the content is for reference only and does not constitute any investment advice!
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