Gold Evening Market Outlook



In the daytime session, the gold price rose to the 4116 peak and then gradually pulled back. In the evening, the price has been trading in a narrow range around 4096. On the hourly chart, the MACD still remains in the bullish zone, but the upward momentum has clearly slowed down. The RSI indicator is in a neutral range, and the market has entered a high-level consolidation phase. For now, bulls and bears are temporarily balanced. The intraday high of 4116 has formed a short-term key resistance, while 4083 is an important support for this intraday move.

Trading Plan

Sell the rebound at 4110-4120, with a defense at 4130. Targets are 4085 and 4060. If it breaks out, look toward 4020.
#黄金
GLDX0.16%
PAXG-0.34%
XAU-0.36%
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