4.21 Simple Gold Morning Review



Yesterday, gold generally fluctuated with a slight upward bias, stabilizing around 4737 and gradually moving higher, currently hovering near 4820.

On the news front, the ongoing instability in the Middle East continues to support gold, combined with the slight weakening of the US dollar, giving gold upward momentum; but the market is still watching the Federal Reserve's policies, and the rebound space is limited.

Technically, the Bollinger Bands are narrowing more and more, with prices oscillating around the middle band, facing resistance at the upper band of 4833 and support at the lower band of 4799, unable to break through or fall sharply. This convergence pattern indicates an imminent breakout, with tonight's focus on the direction of the breakthrough.

Operation reference
Wait for a rebound around 4810—4790 to go long
First target at 4840, breakouts towards 4890#黄金 $XAUT
XAUT-0,2%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin