Yesterday gold suggested around 4980, the intraday low reached 4978 and rebounded, pullback and rally captured! Currently the disk is fluctuating around the 5000 level, divergence between bulls and bears is increasing, and short-term volatility is intensifying.
On the 4-hour, although bearish momentum has slowed somewhat, the overall downtrend structure has not reversed; gold price continues to run below short-term moving averages, medium-long term moving averages maintain downward divergence, medium-term bearish pattern remains unchanged, currently only representing weak technical rebound.
On the hourly level, price maintains operation in the lower band of Bollinger Bands, short-term moving averages turn downward, rebound resistance characteristics are obvious; MACD shows death cross below zero line, green bar slightly expanded volume, confirming short-term bears are dominant.
On rebounds of 5020-5035 short in batches, targets downside 4960-4980, if consolidation doesn't break can reverse, 👀5030$BTC $XAU #比特币站上7.5万美元
Yesterday gold suggested around 4980, the intraday low reached 4978 and rebounded, pullback and rally captured! Currently the disk is fluctuating around the 5000 level, divergence between bulls and bears is increasing, and short-term volatility is intensifying.
On the 4-hour, although bearish momentum has slowed somewhat, the overall downtrend structure has not reversed; gold price continues to run below short-term moving averages, medium-long term moving averages maintain downward divergence, medium-term bearish pattern remains unchanged, currently only representing weak technical rebound.
On the hourly level, price maintains operation in the lower band of Bollinger Bands, short-term moving averages turn downward, rebound resistance characteristics are obvious; MACD shows death cross below zero line, green bar slightly expanded volume, confirming short-term bears are dominant.
On rebounds of 5020-5035 short in batches, targets downside 4960-4980, if consolidation doesn't break can reverse, 👀5030$BTC $XAU #比特币站上7.5万美元