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Xi Xi Yellow Croaker’s rambling thoughts:
Yesterday, the gold price overall fluctuated in a high-range consolidation. After pushing higher, it met resistance and pulled back; after retesting support, it rebounded again. The long-and-short sides were fiercely competing. The price repeatedly moved within the Bollinger Band channel without forming a one-way trend, and overall it showed a high-level consolidation pattern.
On the technical side, the Bollinger Bands on the daily timeframe are gradually flattening and converging. The gold price has been oscillating back and forth around the Bollinger middle band. The upper band forms strong resistance, while the lower band provides bottom support. In the short term, there is no obvious one-way signal; this morning, it’s important to focus on whether the range breaks.
Around 4110-4140, observe: around 4060-4020.
Aggressive traders can enter directly.
All of the above are personal sharing and do not constitute any advice.
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