Mu Yao: Testing the lows to stabilize and build strength; looking for a rebound repair this morning

Overnight gold saw a deep drop to complete the pullback, with effective support holding at lower levels; the market stopped falling and warmed up.

Short-term bearish momentum has run out, indicators are gradually recovering, and gold has entered an oversold rebound rhythm.

For today, prioritize going long on dips in line with the trend. A pullback to the 3,990-4,000 support zone can be considered for orders. The upside rebound targets are seen at 4,030-4,060.

Note:
The above analysis is Mu Yao’s personal view. The market changes rapidly; this content is for reference only and does not constitute any investment advice! Mu Yao: Testing the lows to stabilize and build strength; looking for a rebound repair this morning

Overnight gold saw a deep drop to complete the pullback, with effective support holding at lower levels; the market stopped falling and warmed up.

Short-term bearish momentum has run out, indicators are gradually recovering, and gold has entered an oversold rebound rhythm.

For today, prioritize going long on dips in line with the trend. A pullback to the 3,990-4,000 support zone can be considered for orders. The upside rebound targets are seen at 4,030-4,060.

Note:
The above analysis is Mu Yao’s personal view. The market changes rapidly; this content is for reference only and does not constitute any investment advice!
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