$XAUT Yingying: The current sideways market is oversold and consolidating; in the afternoon, the game of supply and demand will be repaired in rhythm

This morning, the gold price quickly dipped, hitting a low of 4023. After the shorts released in a concentrated manner, buy orders gradually entered, and the price began a modest rebound. Support is starting to show up at lower levels, and the short-term demand for an oversold correction continues to build.

Technically, after the current gold price saw a sharp pullback, it is holding key lows. In the short term, it is gradually probing upward for pressure around the middle Bollinger Band. After a round of fast selling, short momentum has clearly weakened; lower-band support is effective. There is potential for ongoing repair and rebound in the market.

On the news front, the upward pace of the US dollar has slowed, reducing the pressure on gold. After the gold price undergoes a short-term deep pullback, further downside room is further narrowed. The technical repair move may continue into the afternoon.

Recommendation: Buy the dip around 4010–3980. If the price rises from the current position (4030), it can aim for 4050 and 4080.
(Control the pace strictly, mind your risk control, and stop losses and profit-cutting in time. If support is broken effectively, adjust your route promptly.)

Sister Yingying Disclaimer: The above is only Sister Yingying’s viewpoint sharing and does not constitute trading advice; you bear the risk for any action taken based on it. #美国对60个经济体加征关税