Xi Xi Huangyu rambles: Bulls and bears are having a divine battle—capitulation is coming soon!

Last week, gold mainly did “sit-ups and push-ups”-style oscillation. The trading range we previously forecast was basically spot on—we held the moves! There were a few times when the price action was a bit stubborn and didn’t follow the script, but our reaction was quick too. We flexibly changed our posture and kept tracking it—opportunities still didn’t miss!
From a technical perspective, molybdenum is currently getting stuck around the Bollinger middle band, “swaying left and right.” There’s resistance above and support below, while bulls and bears are fiercely tugging at the rope. In the short term, let’s not rush to pick a side. Treat it as range-bound consolidation and wait patiently for a clear breakout/breakdown signal.
On the news front, the US dollar is still hovering at high levels, putting a bit of pressure on gold. Recently there hasn’t been any major headline data to “stir things up,” and the market feels a little lacking in excitement. So the trend is mainly grinding back and forth following the technicals. Therefore, don’t let FOMO get the best of you—don’t blindly chase highs and get your mind shaken off course!
Xi Xi “Golden Bag of Tricks”:
In the 4130-4160 area 🈳, watch: around 4080-4040

Your loneliness is because you want someone to care, but you don’t want anyone to bother you too much.
The above is all for personal entertainment sharing and does not constitute any advice.

$XAU