#黄金 Yingying: Golden Hour Line High Position Fluctuation, How Will the Evening Market Break the Game?

Today, during the day, gold showed a high position fluctuation on the hourly chart, with prices fluctuating repeatedly in the range of 5040-5080. In the early session, it once surged to 5099, but then faced pressure and fell back, maintaining a narrow consolidation around 5050 in the afternoon. The competition between bulls and bears intensified, and the overall trend was cautious.

From a news perspective, today's market focuses on the subtle changes in U.S. economic data expectations and geopolitical situations. Market risk aversion emotions have fluctuated, while the slight fluctuations in the U.S. dollar index have also exerted certain influence on gold. In the U.S., market expectations for the Federal Reserve's monetary policy path are still wavering, with some officials' hawkish remarks intertwined with the uncertainty of economic data, causing the dollar's movements to fluctuate, which indirectly affects the pricing logic of gold. On the geopolitical level, potential disturbances in local situations have also injected some risk aversion sentiment into the market, providing support for gold.

From a technical perspective, the hourly chart shows that although gold has retraced, the support around 5014 remains effective, and the moving average system is still in a bullish arrangement. The short-term retracement seems more like a build-up during the rising process and has not changed the overall bullish pattern.

Suggestion: If it retraces to around 5020-5050, enter a buy. If the retracement is strong, then buy around 4990-5010. If the market directly rises, then buy around 5060, with a target looking upwards to 5100.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Trade at your own risk.