Looking at the hourly K-line, gold quickly rebounded after bottoming out at 4182, forming a standard V-shaped reversal. However, it is important to note that the J line of the KDJ indicator is approaching the overbought area at 100. Although the K and D lines are rising synchronously, the slope is clearly slowing down, indicating that while there is still bullish momentum in the short term, the risk of a pullback due to overbought conditions is gradually increasing.
In other words, don’t rush to buy the dip or chase the rally. The safest approach is to wait for the price to fall back to key support levels for confirmation, then decide on entry based on the pattern. The trading idea is to follow the direction of the pullback, and consider entering once a rebound occurs.
Specifically, consider short positions in the 4230-4240 range, targeting 4200-4220.
(Just personal analysis, actual trading should consider your own risk management, for reference only!)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#美联储联邦公开市场委员会决议 December 11 Gold Price Movement Observation
Looking at the hourly K-line, gold quickly rebounded after bottoming out at 4182, forming a standard V-shaped reversal. However, it is important to note that the J line of the KDJ indicator is approaching the overbought area at 100. Although the K and D lines are rising synchronously, the slope is clearly slowing down, indicating that while there is still bullish momentum in the short term, the risk of a pullback due to overbought conditions is gradually increasing.
In other words, don’t rush to buy the dip or chase the rally. The safest approach is to wait for the price to fall back to key support levels for confirmation, then decide on entry based on the pattern. The trading idea is to follow the direction of the pullback, and consider entering once a rebound occurs.
Specifically, consider short positions in the 4230-4240 range, targeting 4200-4220.
(Just personal analysis, actual trading should consider your own risk management, for reference only!)