**Technical Analysis...from 黄梓芸Jasmine

**Technical Analysis of Gold Prices** From a technical perspective, the overnight breakout of the $2448-2450 horizontal resistance level is seen as a new trigger point for bullish traders. In addition, the oscillators on the daily chart have also gained positive traction, further indicating that there is minimal resistance for gold prices to move upward. Therefore, there is a high probability that gold prices will then return to the vicinity of $2483-2484 to challenge the all-time high. This is followed by the psychological level of $2500, which, if decisively broken, will create conditions for the continuation of the upward trajectory. **Support and Resistance** On the other hand, the resistance breakout point of $2450-2448 now seems to protect the recent downtrend. After breaking through this resistance point, gold prices may fall back to the overnight swing lows around $2424-2423. The next relevant support level is around $2412-2410 before the $2400 round mark. **Trading suggestion** Today, you can consider going long on gold before $2460.00, Stop loss: $2457.00 Target: $2480.00; $2485.00

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從技術⻆度來看，隔夜反彈再次確認了 50 天移動平均線附近的強勁支撐，目前位於 2,367 美元區域附近。現在，這應該成為短期交易者的關鍵點，如果果斷突破該點，將為近期從歷史峰值附近回檔的延續鋪平道路。低於上周波動低點（2,353-2,352 美元區域）的一些後續拋售將重申負面偏見，並將金價拖至 2,342.20 美元區域或 100 天移動平均線。令人信服地跌破後者可能會改變近期的偏見，有利於看跌交易者，並引發激進的技術性拋售。另一方面，2,415 美元（20天移動平均線）的水準可能會在 2,448-2,450 美元水準區域之前提供一些直接阻力。下一個相關障礙位於 2,468-2,469 美元區域附近，高於該區域，金價可能會挑戰 7 月份觸及的 2,483-2,484 美元區域附近的歷史最高點。後者之後是 2,500 美元的心理關口，如果果斷突破該關口，將為近期進一步升值奠定基礎。今天可考慮於 2,387.00 前做多黃金，止損：2,384.00；目標：2,405.00；2,410.00

黄梓芸Jasmine

The 14-day Relative Strength Index (RSI) indicator, a technical indicator on the daily chart, rose to around 58 after last week's rebound, suggesting gold has more room to rise before it becomes technically overbought. Ahead of $2,500 (psychological level), $2,483.70 (last all-time high) is immediate resistance. If gold stabilizes above $2,500 and confirms this level as support, a breakout would look towards the $2,533.60 {138.2% Fibonacci bounce} level. Then the upper limit of the ascending regression channel from mid-February would be considered the next bullish target, at $2,600. On the downside, support areas appear to have formed between $2,414 and $2,400 (20-day simple moving average, and psychological levels, respectively) ahead of $2,367 (50-day EMA) and $2,353 (July 25 low). **Today you can consider going long gold before 2,405.00, stop loss: 2,402.00; target: 2,425.00; 2,430.00**

黄梓芸Jasmine

Gold Technical Analysis The daily chart shows that gold is trading within an ascending channel pattern and approaching the upper line of the channel at $2,495, rising to a nearly 3-week high of $2,478. After re-standing above the psychological barrier of $2,400 last week, the trend continues to support gold bulls. The 14-day relative strength index (RSI) of the technical indicator rose to around 60.00. If gold can hold $2,425 (lower line of the ascending channel) and $2,418.30 (50.0% Fibonacci rebound level from 2,483.70 to 2,353) this week, the momentum will turn to the upside. The first upward target is $2,465 (the central axis of the ascending channel), and a break will return to the nearly 3-week high of $2,478 last week. If the price of gold breaks the all-time high of $2,483.70, there will be new upside, which will take it to the $2,514.50 (123.6% Fibonacci rebound) level. Today's Trading Recommendations - **Buy Level**: $2,438.00 - **Stop Loss**: $2,435.00 - **Target**: - First Target: $2,465.00 - Second Target: $2,470.00

黄梓芸Jasmine