3.27 Evening After a brief consolidation following the opening of gold during the day, the bulls made a temporary push to around 4475 but lacked momentum, causing the price to gradually come under pressure and fall back, with a minimum dip to around 4404. The short-term tug-of-war between bulls and bears has entered a weak oscillation pattern.
From the hourly Bollinger Bands perspective, the overall channel is currently running parallel horizontally, without forming a clear unilateral opening pattern. However, the internal structure of the bands has shown bearish signals: although the lower band has slightly turned upwards, providing short-term support, the upper band and the middle band have both turned downwards, becoming the core resistance for price rebounds. After touching the lower band, the price relied on support to initiate a technical rebound and successfully broke through the middle band resistance. However, after rebounding to the vicinity of the upper band, it encountered strong pressure and fell back, further driving the middle band to continue moving downwards. Overall, the entire trajectory confirms heavy selling pressure above, and the turn of the lower band is merely a short-term oversold correction, which has not reversed the overall weak pattern at the hourly level,
(4475 entry, 4490 add, 4508 stop, watch 4351-4310)
As the weekend approaches, no one knows what kind of wind the gold market will blow, so old He reminds you not to hold positions overnight!!!!
The above is personal opinion and does not constitute investment advice.