Enze: Sudden signal change in the evening, 4400 peak?
Today, European and American markets initially opened higher, gold prices sharply declined in the short term, falling from a high of 5416 to 5378, with intense fluctuations in the market.
However, this sharp decline is not a trend reversal, but a main force washing out positions, representing a normal correction during an upward trend. After testing the high levels, selling pressure gradually eased, moving averages and indicators have not deteriorated, and the overall head structure remains intact.
Signs of stabilization are now evident, with prices quickly recovering lost ground, indicating strong buying support below.
This correction is a buildup rather than a top, and after completing consolidation, gold is expected to continue upward breakthroughs and challenge higher levels.
Tonight's operations should focus on buying low, relying on support levels to gradually position, and seizing the upward momentum of the market.
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Enze: Sudden signal change in the evening, 4400 peak?
Today, European and American markets initially opened higher, gold prices sharply declined in the short term, falling from a high of 5416 to 5378, with intense fluctuations in the market.
However, this sharp decline is not a trend reversal, but a main force washing out positions, representing a normal correction during an upward trend. After testing the high levels, selling pressure gradually eased, moving averages and indicators have not deteriorated, and the overall head structure remains intact.
Signs of stabilization are now evident, with prices quickly recovering lost ground, indicating strong buying support below.
This correction is a buildup rather than a top, and after completing consolidation, gold is expected to continue upward breakthroughs and challenge higher levels.
Tonight's operations should focus on buying low, relying on support levels to gradually position, and seizing the upward momentum of the market.