Gold Da Chuan — Gold Morning Review

Last night, the price action rose to around 4840 and then fluctuated. Today, after the market opened, it first fell to 4827, and then gradually rallied to around 4870. This is a previous resistance level. Above that, there is another resistance at 4900. Today, I’m not optimistic about a sustained breakout.

On a one-hour timeframe, the MACD indicator is about to form a high-level bearish cross, and there is also a clear bearish divergence (top-with-divergence) appearing on the chart. If today can push to the extreme around 4900, the earlier small gap can also hold in the 50%-61.8% retracement zone. During the day, the bias is still consolidation.

Recommended consolidation around 4870-4890. Defend at 4905. Targets are 4820-4800. If the level breaks, look further down to 4760-4740.

This article is for technical analysis of market conditions and personal views only and does not constitute investment advice. All trading decisions must be made independently by investors, who will bear the risks.
#黄金 #加密市场回升