Gold Miner Lao Mao Morning Market Outlook

Author: Gold Miner Lao Mao
Instrument: Spot Gold (XAUUSD)

The latest spot gold quote is 5143.71, down 83.79 USD from yesterday’s close, a decline of 1.60%. From the 1-hour K-line chart, the price quickly dropped after breaking below the midline, then rebounded to near the midline and faced resistance, showing an overall bearish dominance.

According to the BOLL indicator, the price is currently trading below the midline, which has turned downward, indicating a short-term bearish trend. The upper band around 5200 forms clear resistance, while the lower band near 5100 provides support. When the price rebounds near the midline, it repeatedly encounters resistance and falls back, suggesting that the bearish momentum remains strong. Overall, after a rapid decline, the market has entered a narrow range consolidation, but the rebound strength is limited, and it has not effectively recovered key levels, so the bearish trend remains unchanged.

The core strategy continues to be low buy and high sell, with the morning session mainly consolidating within a narrow range, leaning bearish overall. Watch the 5180-5200 zone for resistance above, and the 5100-5120 zone for support below. If the price rebounds to around 5180 after opening, consider short positions with a stop loss at 5210, targeting 5120-5100. If the price breaks below 5100, follow the trend with a target below 5080.

This analysis reflects personal opinion only and does not constitute any investment advice. The market carries risks; please trade cautiously. Operate at your own risk.