ArLexusC

Brother Ling's personal analysis of spot gold early morning strategy
The weekly chart has shown a bottoming and rebounding pattern for two consecutive weeks, with solid bottom support, and the overall rebound trend remains unchanged. Bullish momentum is weakening, leading to a high-level consolidation and washout market, with the pullback being a mid-rally correction.
Fundamentally, the cooling of non-farm payrolls dampens rate hike expectations, and global central banks continue to purchase gold to support prices. Only a short-term slight rebound in the US dollar suppresses gains.
On the dail

Ling Ge’s Personal Analysis of Spot Gold Morning Strategy
The weekly chart shows a bottom-finding and rebound pattern for two consecutive weeks. The bottom support is firmly established, and the overall rebound big trend remains unchanged. Bullish momentum is weakening, and the market is moving into a high-level consolidation and washout range. The pullback is a corrective move within the uptrend.
Fundamentals: a cooling in Non-Farm Payrolls has reduced expectations for further rate hikes, and global central banks continue to buy gold to support prices. Only a small short-term rebound in the U

Brother Ling's Personal Analysis of Spot Gold Afternoon Strategy
This morning, gold prices faced resistance at 4020 and continued to weaken, breaking through the 4000 level and the previous support at 3960, with the lowest dip to 3940, once again hitting a new low for this round of decline, as bearish momentum continues to be released.
The daily chart shows a brief rebound without sustainability, with moving averages in a bearish arrangement, and gold prices moving within a standard downtrend channel; the 4-hour moving averages continue to decline, with highs and lows moving lower, and the bea

Good morning

Gold generally moved in a oscillating decline yesterday, with repeated shakeouts and fluctuations during the day, and a direct break lower in the evening. The daily chart ultimately closed with a long upper shadow bearish candle, clearly showing heavy resistance and selling pressure above.
From a technical perspective, the short-term daily pattern is somewhat weak, indicating a need for a continued pullback in the short term; however, from the weekly long-term view, the previous mid-term bullish structure that rebounded from a bottom has not been broken, so there’s no need to expect a large on