Alert! The XAU death cross has appeared, but players are crazily bottom fishing! Is the afternoon a pitfall or a money-making opportunity?
Yesterday, I led my loyal followers to ambush long positions at 4410, with a precise take-profit at 4493, securing 3600U! Now the market has changed, the one-hour MACD has a death cross, but the news is supporting the gold price; will it be bullish or bearish in the afternoon? #XAU
News:
The US-Iran conflict has escalated, the situation in the Strait of Hormuz is tense, and the surge in crude oil prices is pushing up inflation expectations, with continued safe-haven demand for gold. The Federal Reserve is turning hawkish, and the rebound in the US dollar is suppressing gold prices, leading to fierce bullish and bearish battles. Summary: Safe-haven demand remains, but short-term liquidity tightening is suppressing gains.
Technical Analysis:
Currently, the XAU one-hour chart shows the MACD white and yellow lines forming a death cross below the 0 axis, with green bars increasing, and the pullback has not yet ended. The first resistance above is at 4550, with strong resistance at 4651; support below is at 4435, and if it breaks, it will test 4365.
Summary: Short-term bears dominate, but the key support remains intact, and a sharp drop is likely to trigger a rebound.
Operational Thoughts:
Mainly looking for stability signals near 4435; if it stops falling, a small position can be tried for longs, with a stop loss at 4380; if it does not break above 4550, still treat it as a consolidation, do not chase highs.
Personal Opinion:
I expect the market to gather strength for a push towards 4550. The premise is that it will first pull back; how strong will the pullback be? If you want to know, keep up with the rhythm, follow the lord, and I will help you avoid pitfalls and secure profits in real-time!
For those who want to make a swing trade, hold your hands and wait for high short opportunities. If you want to keep up with real-time strategies, follow the lord, join the big family, and let’s eat together on the next order!