Morning Trend | CHIFENG GOLD sees capital rush for acquisition, with risks and opportunities coexisting amid high-level fluctuations

CHIFENG GOLD (6693.HK) experienced significant fluctuations during trading yesterday, with a strong surge at the opening that brought it close to the important resistance zone of 32 yuan. The competition for funds throughout the day was exceptionally intense. Driven by robust international gold prices and rising global risk aversion, the gold sector became the main battleground in the market. As an important target in this field, CHIFENG GOLD became a hot spot for many institutions and individual investors pursuing short-term gains. During the morning session, major funds flowed in, pushing the stock price to rise sharply, with trading volume significantly increasing compared to the past, indicating a surge in short-term trading enthusiasm. However, after failing to break through the resistance zone, there was a clear divergence between buyers and sellers, leading to price fluctuations at high levels and a rapid switch between bullish and bearish positions. Data from the market showed that afternoon trading saw intensified turnover at high levels, with some funds choosing to take profits, but overall major funds still leaned towards buying. Meanwhile, the weakening dollar and ongoing geopolitical risks have driven a reallocation of global safe-haven assets, increasing attention on gold assets and further solidifying the sector's popularity. The industry continues to receive favorable news, and brokerage strategies are frequently recommended, creating an optimistic market sentiment, but there is still a lack of breakthrough new positive developments. If trading volume tends to decrease in the future, or if the sector weakens overall, short-term volatility may further increase, and profit-taking pressure could be released at any time. In summary, CHIFENG GOLD is in a peak area of capital competition, and intense short-term fluctuations will become the norm. The trend remains strong, but caution is needed regarding the risk of chasing prices at high levels, with close observation of intraday trading volume changes and sector resonance. Whether major funds can continue to push prices higher will depend on subsequent volume and the sector's performance