Jinjin Old Cat Afternoon Strategy

The gold price continued its upward trend in the early session, following yesterday's midnight low-buy idea. After the bearish sentiment was fully released, the market naturally experienced a corrective rebound, with prices steadily rising to around 5189. Our low-buy positions were once again accurately executed.
From a technical perspective, based on the 1-hour BOLL indicator, the price is above the middle band, indicating that short-term bullish momentum has been released. The market is likely to enter a narrow range consolidation phase during the midday session. Key resistance levels are around 5195-5200, while support levels are near 5170-5165. The moving averages are arranged in a bullish pattern, so short-term pullbacks still present low-buy opportunities.
On the news front, yesterday's bearish data has been fully digested by the market. There are no major data releases expected in the short term, and market sentiment is leaning toward recovery. This environment favors bullish positions, with the midday trend mainly driven by technical factors.
For midday trading, continue with the low-buy strategy while managing range control. Consider placing buy orders in batches around 5170-5165, targeting 5185-5190, with a stop loss at 5155. If the price hits resistance at 5195-5200, you can try a light short position, targeting 5180-5175, with a stop loss at 5208.

⚠️ Disclaimer: The above strategies are for reference only and do not constitute investment advice. The market carries risks; please trade cautiously. Any gains or losses are your own responsibility.