Morning Trend | ZIJIN GOLD INTL shows significant volume fluctuations, how far can the main upward wave go?
On December 1st, ZIJIN GOLD INTL (2259.HK) showed a strong bullish trend throughout the day, with extremely active capital during the session. The stock price once led to a breakthrough of several important technical levels, fully igniting short-term sentiment. International gold prices rebounded sharply since November, with continuous net inflows into ETFs, and the market's risk aversion sentiment continued to heat up, driving the entire gold sector to resonate. In the past week, geopolitical risks have remained high, with global funds pouring into gold as a safe haven, attracting both domestic and foreign capital, resulting in a very strong volume-price structure in the sector. Technically, ZIJIN GOLD INTL has seen three consecutive daily gains, with volume expanding simultaneously, and both MACD and RSI are in the overbought zone, indicating a clear intention for funds to chase higher in the short term. However, the current market is gradually approaching a high level, and under the main upward pattern, short-term profit-taking pressure is beginning to accumulate. If the volume cannot be sustained in the intraday trading, it may lead to partial pullbacks in high chasing positions, with risks of intraday declines starting to emerge. If the Federal Reserve releases hawkish policies, global liquidity tightens, or gold prices enter a correction, ETF funds may significantly withdraw, leading to a resonance adjustment in individual stocks. Additionally, intraday anomalies, large orders, and market sector linkage are important signals for judging trend changes. Overall, ZIJIN GOLD INTL maintains a strong short-term outlook, but the competition for high-level funds is intensifying, and caution is advised for chasing higher due to the risk of sharp declines. It is recommended that right-side investors manage their funds well and closely monitor subtle changes in gold prices and policy directions
On December 1st, ZIJIN GOLD INTL (2259.HK) exhibited a strong bullish trend throughout the day, with extremely active capital during the session. The stock price once led the way in breaking through several important technical levels, fully igniting short-term sentiment. International gold prices have rebounded sharply since November, with continuous net inflows into ETFs, and the market's risk aversion sentiment has been steadily rising, driving a collective resonance in the gold sector. Over the past week, geopolitical risks have remained high, leading global capital to flock to gold as a safe haven, with both domestic and foreign funds showing strong interest, resulting in a very robust volume-price structure for the sector. Technically, ZIJIN GOLD INTL has recorded three consecutive daily gains, with volume expanding simultaneously. Both MACD and RSI indicators are in the overbought zone, indicating a clear intention for capital to chase higher prices in the short term. However, the current market is gradually approaching a high point, and under the main upward trend, short-term profit-taking pressure is beginning to accumulate. If the volume cannot be sustained in the intraday trading, it may lead to partial pullbacks in high-priced stocks, with risks of intraday declines starting to emerge. Should the Federal Reserve release hawkish policies, global liquidity tighten, or gold prices enter an adjustment phase, ETF funds may significantly withdraw, leading to a collective pullback in individual stocks. Additionally, intraday anomalies, large order movements, and sector correlations are important signals for judging trend changes. Overall, ZIJIN GOLD INTL maintains a strong short-term outlook, but the competition for high-priced capital is intensifying, and caution is advised for chasing higher prices due to the risk of sharp declines. It is recommended that right-side investors manage their funds well and closely monitor subtle changes in gold prices and policy directions
