Morning Trend | LINGBAO GOLD tests the low again, is there an opportunity for a rebound from overselling?

Lingbao Gold repeatedly tested the low point of HKD 1.16 during yesterday's trading session, overall affected by the short-term adjustment of international gold prices, with continuous capital withdrawal from the sector. The market's risk aversion heat has receded, and the trading enthusiasm for gold concepts is significantly insufficient. Recently, gold prices have fluctuated violently, but risk-averse capital has also chosen to wait and see. There have been no new positive announcements from the company, and there is a lack of positive catalytic response from related industry sectors, resulting in a slightly stagnant overall trading range. Trading volume has remained low, with mainstream capital generally tightening positions. From a technical perspective, the MACD death cross and the standard bearish arrangement of moving averages continue to exert pressure, and the typical downward pattern has not been broken. The RSI indicator has been long-term oversold; although there is theoretical room for rebound, repeated attempts have been blocked and lack capital support. Occasional attempts at oversold rebounds have occurred, but the volume has not seen effective expansion, limiting short-term gains. From a short-term perspective, the market is primarily adopting defensive strategies. If international gold prices stabilize or significant macro events occur, there may be a possibility of instantaneous recovery, but the overall trend remains conservative and oscillatory. Investors should be cautious of the optimistic illusion brought about by low-level inducements during the trading session, pay attention to trend reversals and position safety, and guard against potential risks of new lows