The main positive catalysts that previously pushed gold prices higher were the heightened tensions in the Middle East conflict, prompting risk-averse capital to rush into gold. However, after the US announced a pause in its airstrike plans, geopolitical panic sentiment cooled quickly, and the rally driven purely by news lacked follow-through momentum.

This morning, gold opened and surged, a short-term lift brought by news stimulation. However, the continuation of this trend is very weak. Blindly chasing the move could easily lead you to get stuck at a phase high point, and the chart may show pullback and correction at any time.

Weekly chart: The price failed to hold above the key moving average, and clear resistance is evident above;
Daily chart: The price failed to break through the upper Bollinger band, and the long/short game is extremely tense and indecisive

Gold trading investment recommendations:
Entry: Look for a pullback near the 4120-4150 pressure zone, and try with a light position.
Target: Around 4060-4030. If it breaks down, watch the 4000 level. #黄金

GLDX1.16%

PAXG0.86%

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GasPhilosopher

· 2h ago

Technicals: weekly moving averages are suppressing the price, and the daily Bollinger upper band hasn’t been broken, so the short-term bias is bearish. However, you should also be careful about unexpected weekend news, so keep risk tightly controlled with any light short position.

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RwaFarmer

· 3h ago

The blogger is right—chasing longs in this kind of market can easily leave you trapped at a temporary high. People who went long at 4080 earlier may still be stuck in losses now. Shorting around 4150 offers a very good risk-reward. The targets are 4060-4030; if it breaks down, watch for 4000. Set your stop-loss properly to avoid unexpected spikes.

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MAHunter

· 3h ago

After geopolitical tensions cool down, it’s inevitable that capital flows out of safe-haven assets, but you also need to factor in expectations for Federal Reserve policy. The market is still divided on whether there will be a rate cut in September; if subsequent data weakens, gold could receive renewed support. However, from a short-term technical perspective, the 4,150 resistance level is indeed strong: both the daily Bollinger upper band and the prior swing high are nearby, so the probability of a short trade is relatively higher. It’s advisable to enter in batches—start with a light short position; if price breaks below 4,060, add to the position. The target is around the 4,000 level. Set the stop loss above 4,180 to guard against a false breakout. Thanks to the blogger for the analysis—it’s very useful.

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StardustRouter

· 4h ago

Upward moves driven by news typically have poor continuity—it's safer to wait for the rebound before going short or staying flat.

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WhaleWatching

· 5h ago

Bearish. I followed.

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