Discuss today's gold
1-hour chart:
• Gold has risen from a low of 4163 → now 4226, which belongs to a fluctuating rebound structure
• MA5, MA10, MA20 are turning upwards
• The price is now above MA20
• The middle band of Bollinger Bands has been broken, and the price is approaching the upper band
→ This indicates that short-term bullish strength is returning.
5-minute chart:
• Continuous small upward steps
• The upper band of Bollinger Bands continues to rise
• The smaller levels are strengthening
→ Indicates that short-term funds are pushing up, and pullbacks are just opportunities to continue rising.
Current situation: Gold price is relatively strong.
For short-term buying:
4220–4225
5-minute chart is strengthening → A pullback is an opportunity
Short-term points: 4220–4225
Target: 4238 / 4250
Stop loss: 4212
4208–4215 (1-hour MA20 gold main support)
Strong support points (high win rate)
Target: 4240–4260
Stop loss: 4198
4185–4195 (absolute main uptrend position)
This position is the entry zone for large funds
If it comes, act decisively
Target: 4300
Stop loss: 4175
