Affected by the international situation, the gold market rebounded slightly before falling rapidly, and after breaking through the 4300 support level, it hit a low of 4236.
Looking at the 1-hour chart, the overall trend shows that the price has broken through the short-term support zone continuously. The K-line continues to maintain a good downward trend along the short-term moving average. The Bollinger Bands are expanding rapidly downward, and the moving average system is forming a strong resistance effect.
In the absence of significant positive news, focus on the area near the MA10 (4290) and the 4300 zone where the MA20 and Bollinger Bands converge. If a rebound from the lows reaches this range, a short-selling strategy remains appropriate; consider closing positions once a profit of approximately 30–40 points is achieved to mitigate the risk of sudden market volatility driven by news developments.
Looking at the 1-hour chart, the overall trend shows that the price has broken through the short-term support zone continuously. The K-line continues to maintain a good downward trend along the short-term moving average. The Bollinger Bands are expanding rapidly downward, and the moving average system is forming a strong resistance effect.
In the absence of significant positive news, focus on the area near the MA10 (4290) and the 4300 zone where the MA20 and Bollinger Bands converge. If a rebound from the lows reaches this range, a short-selling strategy remains appropriate; consider closing positions once a profit of approximately 30–40 points is achieved to mitigate the risk of sudden market volatility driven by news developments.
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