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2025-07-30 18:59:20
[Spot Gold Technical Analysis] The current 240-minute gold candlestick chart shows a typical consolidation pattern. The middle Bollinger Band (3336.29) has become a key equilibrium area for the current price. After a rapid decline to 3301.75, the price stabilized in the short term and subsequently fluctuated between the middle and lower bands. Observing the candlestick structure, the key level is 3350, a previous bull-bear watershed. Analysts believe that if the price fails to break through this level, the bearish trend will be difficult to conclude. Regarding indicators, while the MACD remains below the 0 axis, the green bar has turned red, and the DIFF and DEA lines have formed a golden cross, indicating weakening bearish momentum. The RSI is currently at 44.55, in a neutral to weak range, not yet oversold, but still some distance from the strong zone. Overall, analysts believe that gold is showing signs of a short-term halt in its decline, but the technical structure remains a weak rebound and a trend reversal has not yet been confirmed. A break above 3350 would be considered a temporary stabilization, while a break below 3300 would reopen downside potential.
