Gold suffered a sharp pullback yesterday, prices dipped rapidly from highs, and market sentiment turned weak in the short term. It then entered a period of sideways consolidation, with bulls and bears trading cautiously. The overall pattern is recovery after a sharp drop, pending a directional breakout.
Technical Analysis
Support Zone: 4660–4680 strong support remains solid
During the decline, the 4660–4680 zone stabilized quickly after multiple retests, with strong buying absorption, forming the core support band. This zone is both a cluster of short-term moving averages and a key recovery platform after yesterday’s sharp drop. As long as it is not effectively broken downward, the bullish structure remains intact.
Secondary Support: Below 4640. A confirmed breakdown of 4660–4680 will open further downside toward levels under 4640.
Resistance & Momentum: Upside momentum weak, rebounds capped
Bullish momentum is currently subdued, and rebounds lack sustained strength, with clear overhead resistance:
First Resistance: 4720–4730 strong near-term hurdle, repeatedly tested without breakout
Second Resistance: 4760 upper boundary of the consolidation range; a volume-driven breakout is needed to unlock further upside
Overall, gold is trading in a range-bound pattern with firm support below but lacking upside momentum, making a sharp one-sided rally or decline unlikely in the short term.
Trading Strategy
Go long on dips near the 4660–4680 support zone. Core logic: solid support, limited downside, and technical recovery demand for bulls.
Entry Zone: 4660–4680
Target Levels: 4690 → 4700 → 4710
Technical Analysis
Support Zone: 4660–4680 strong support remains solid
During the decline, the 4660–4680 zone stabilized quickly after multiple retests, with strong buying absorption, forming the core support band. This zone is both a cluster of short-term moving averages and a key recovery platform after yesterday’s sharp drop. As long as it is not effectively broken downward, the bullish structure remains intact.
Secondary Support: Below 4640. A confirmed breakdown of 4660–4680 will open further downside toward levels under 4640.
Resistance & Momentum: Upside momentum weak, rebounds capped
Bullish momentum is currently subdued, and rebounds lack sustained strength, with clear overhead resistance:
First Resistance: 4720–4730 strong near-term hurdle, repeatedly tested without breakout
Second Resistance: 4760 upper boundary of the consolidation range; a volume-driven breakout is needed to unlock further upside
Overall, gold is trading in a range-bound pattern with firm support below but lacking upside momentum, making a sharp one-sided rally or decline unlikely in the short term.
Trading Strategy
Go long on dips near the 4660–4680 support zone. Core logic: solid support, limited downside, and technical recovery demand for bulls.
Entry Zone: 4660–4680
Target Levels: 4690 → 4700 → 4710
액티브 트레이드
거래청산: 타겟 닿음
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.