Morning Trend | CHINAGOLDINTL funds relay, is the breakthrough window really coming?

China Gold International (2099.HK) has recently seen a continuous increase in volume, repeatedly challenging key resistance levels during the trading session, indicating that short-term bulls are gradually building momentum. Technically, the MACD has formed a clear golden cross on the daily chart over the past two days, with the histogram turning from negative to positive, showing strengthened willingness from the main force to buy. The K-line arc bottom is gradually emerging, and the golden cross of the 5-day and 10-day moving averages has formed the first short-term support. From an intraday perspective, the main funds have continued to see net inflows in the afternoon, with foreign holdings slightly increasing, indicating a rise in short-term chasing enthusiasm. In terms of industry rotation, the gold sector is currently benefiting from the Federal Reserve's undecided interest rates and the rising global risk attributes. International gold prices have fluctuated, with funds embracing risk-averse logic continuously flowing into gold stocks, especially leading companies with solid fundamentals. China Gold International's latest quarterly report exceeded market expectations, with steady growth in production and sales providing fundamental support for the stock price. Recently, continuous increases in holdings by northbound funds have also conveyed positive signals. It is important to be cautious, as the daily chart has recorded consecutive gains in the short term, and some ultra-short cycle funds may face heightened risk of speculation. The key pressure level is near previous highs; if there is a subsequent volume breakout, it is expected to enter a new round of accelerated growth. However, if it encounters resistance and falls back, attention should still be paid to the support effects of the 5-day and 10-day moving averages. In terms of operations, it is recommended to focus on the right side, entering after confirming a volume breakout, and avoiding blind chasing of highs. Overall, China Gold International is in a breakthrough window period, and attention should be paid to the details of intraday funds and breakout signals