Mu Yao: Is the 4871 pullback a "golden pit"?


Oscillating and gathering strength for a breakout,
Low-buy strategy steadily capturing the main upward wave.

Yesterday, gold prices surged to 4871 and then retreated,
Dipped to 4786 and then recovered, which is a healthy correction.
Although short-term pressure from the dollar rebound exists,
Central bank gold purchases and rate cut expectations solidify the bottom,
Limited downside space.
Gold prices are close to the lower Bollinger Band,
4785-4830 is the core oscillation range.

In terms of operation, maintain a low-buy mindset.
Buy in batches at 4770-4780,
Stop loss at 4760, target 4835-4855;
Light short positions with pressure at 4850-4860,
Stop loss at 4870, target 4750.

Tip:
The above analysis is Mu Yao's personal view,
Markets change rapidly,
Content is for reference only and does not constitute any investment advice#GatePreIPOs首发SpaceX
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