2.10 Gold Morning Review by Jing Yi

The market opened with a sharp decline and quickly rebounded. The trend is very clear—avoid chasing short positions during the early sharp drop, and determine strength or weakness in the afternoon!

The 4-hour cycle currently shows a double top resistance, with horizontal resistance around 5090. The 61.8% retracement resistance is near 5145. Currently, indicators are showing divergence; the stochastic indicator has a dead cross downward, while the MACD is slightly upward. The pattern is somewhat anti-drop, with a key support at 4950.

Gold trading strategy: primarily buy on dips
Buy in stages around the support zone of 4950—4980, targeting 5050—5080—5100

Personal opinion, for reference only

#当前行情抄底还是观望？