Morning Trend | The capital game of TONGGUAN GOLD is in full swing, is it a temptation to chase high or a hidden opportunity in the pullback?

On December 1st, TONGGUAN GOLD (340.HK) experienced a significant surge in trading volume during the session, with intense capital speculation at high levels. Benefiting from the continuous rise in international gold prices, the gold sector and related ETFs saw a sharp increase in subscriptions, with short-term funds strongly chasing gains, creating a notable atmosphere for a main rally. The main force leveraged this momentum to push leading stocks to historical highs, attracting arbitrage funds to follow suit. The technical indicators showed increasing overbought pressure, with MACD and KDJ rapidly rising, and the switching of funds between long and short positions was extremely sensitive. During the session, funds frequently rotated in and out of limit-up stocks, with some profit-taking occurring quickly, indicating an increase in the risk of a pullback. Intraday anomalies must be closely monitored; if the industry hotspots cool down, the overall gold price retreats, or there are sudden changes in news (such as tightening liquidity or policies falling short of expectations), the pullback pressure on individual stocks will be amplified. For the leading gold stocks in the spotlight, the changes in volume-price intraday and ETF flow need to be closely monitored. Short-term traders should gradually lock in profits, and cautious investors should guard against sharp fluctuations