$XAUT Thursday morning gold trading plan



In terms of the four-hour trend, the price action is supported by the Bollinger Bands and has started a sustained rebound. After pushing higher and touching the upper Bollinger Band, it pulled back slightly. At the current level, it is holding above the Bollinger Band midline. The overall uptrend structure remains intact, the Bollinger channel keeps opening upward, and the medium-term bullish trend has not been broken.

The MACD’s two lines remain in the bullish zone, with red bars still present, though the incremental momentum is slowing. It is currently in a high-level consolidation stage after the rise.

Trading reference: go long in the 4110-4120 range, with targets at 4160-4180
XAUT-0.09%
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