Morning Trend | ZIJIN GOLD INTL Approaches Support, Critical Point of Long and Short Game?
ZIJIN GOLD INTL (2259.HK) has been in a high-level consolidation state since entering June. Recently, with fluctuations in gold prices, the stock price has gradually retreated to near key support levels. The daily MACD has recently shown signs of a golden cross, accompanied by a moderate recovery in volume and price, as market bulls begin to cautiously position themselves. However, bears are attempting to accumulate energy below the support level, creating a clear critical game state. On the fundamental side, external gold prices continue to oscillate at high levels, providing defensive support for the company's stock price. As a leader in the international gold sector, ZIJIN GOLD has stable performance and notable valuation elasticity, but negative industry news and macroeconomic discrepancies regarding gold demand have led to a continuous intertwining of bullish and bearish sentiments. From a technical perspective, the 5-day moving average is testing the 10-day moving average downwards; if it finds support, speculative funds may quickly rally on the rebound opportunity, while a failure could lead to a breakdown risk. Currently, the main force is attempting to repeatedly accumulate in the support range (around HKD 22), with no significant increase in volume. If today's funds align and market sentiment turns positive, a rapid rebound correction is expected; conversely, if volume shrinks or gold futures weaken, further pullbacks may occur. Intraday, the rapid switching between main buying and short-term selling determines the band space, and investors need to pay attention to sudden events and synchronous fluctuations in international gold prices. In terms of operational advice, conservative investors may consider buying near support levels while setting stop-loss orders to guard against short-term breakdown risks. Aggressive investors should closely monitor the market to capture the rebound rhythm
ZIJIN GOLD INTL (2259.HK) has been in a high-level oscillation state since entering June. Recently, with fluctuations in gold prices, the stock price has gradually retreated to near key support levels. The daily MACD has recently shown signs of a golden cross, accompanied by a moderate recovery in volume and price, as market bulls begin to cautiously position themselves. However, bears are attempting to accumulate energy below the support level, creating a clear critical game state.
On the fundamental side, external gold prices continue to oscillate at high levels, providing defensive support for the company's stock price. As a leader in the international gold sector, ZIJIN GOLD has stable performance and notable valuation elasticity, but negative industry news and macroeconomic divergences regarding gold demand have led to a continuous intertwining of bullish and bearish sentiments. Technically, the 5-day moving average is testing the 10-day moving average downwards; if supported, speculative funds may quickly rally on the rebound opportunity, while a failure could lead to a breakdown risk.
Currently, the main force is attempting to repeatedly accumulate in the support range (around HKD 22), with no significant increase in volume. If today's funds align with positive market sentiment, a rapid rebound correction is expected; if volume shrinks or gold futures weaken, further pullbacks may occur. Intraday, the rapid switching between main buying and short-term selling determines the wave space, and investors need to pay attention to sudden events and synchronous fluctuations in international gold prices.
In terms of operational advice, conservative investors may consider buying near the support level while setting stop-loss orders to guard against short-term breakdown risks. Aggressive investors should closely monitor the market to capture rebound rhythms. Overall, ZIJIN GOLD INTL is at a critical juncture between bullish and bearish, with short-term opportunities and risks coexisting, highly sensitive to market sentiment and international gold markets, awaiting a signal for a trend change
