Morning Trend | CHIFENG GOLD (6693.HK) continues to rise, can the high level sustain pressure testing?

CHIFENG GOLD (6693.HK) has recently rebounded significantly in the Hong Kong stock market's gold sector, becoming a representative of bullish patterns, driven by the recovery in the market. With international gold prices stabilizing and global risk aversion sentiment continuing to rise, gold-related stocks have collectively strengthened. CHIFENG GOLD has consistently broken through short-term resistance levels, receiving positive responses from market participants. On the fundamental side, the rise in gold prices is not only driven by the influx of risk-averse funds but also by some capital from the real estate and financial sectors shifting towards gold allocation, highlighting further recognition of gold's safe-haven attributes. Research reports released by multiple institutions have continued to gain traction, collectively boosting capital inflow. At the same time, there have been no significant fundamental changes for CHIFENG GOLD itself, and the current market reflects characteristics driven by short-term sector movements. From a technical perspective, the daily MACD has recently formed a golden cross, indicating strong short-term momentum. The trading volume during the day has moderately increased compared to previous periods, showing accelerated capital rotation and heightened volatility, with short-term sentiment being active. As the stock price approaches previous high resistance levels, the market enters a window of observation and short-term adjustment. If sector sentiment declines, whether capital can continue to push up and complete the turnover will be a key consideration for future trends. Investors need to be cautious of high-level pullback risks, pay attention to changes in the bullish and bearish forces at key resistance points, closely monitor the rhythm of sector rotation and trading data, and adjust positions dynamically based on risk preferences