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4.15 Gold Midday Market Analysis
The Bollinger Bands for gold have narrowed and then started to diverge downward, with the price falling back from the high of 4871, breaking below the middle band and continuing to trade near the lower band, currently dominated by bears. The support at the lower band around 4814 is under pressure, while the upper band at 4852 forms a strong resistance level.
The Federal Reserve has signaled a hawkish stance, combined with positive U.S. initial jobless claims data, boosting the dollar and continuously suppressing gold bulls; at the same time, Middle East geopolitical tensions have eased somewhat, and market safe-haven buying has gradually receded, further weakening the upward momentum of gold prices.
Trading strategy: Focus on selling high
A rebound to the 4840-4850 range can be used to establish short positions, with a stop loss at 4858, targeting 4810-4800; if support is broken, look further down to 4780-4775.
In the future, pay close attention to speeches by Federal Reserve officials, U.S. inflation data, and geopolitical developments to prevent the market from fluctuating repeatedly.