9.21 Spot Gold (XAU/USD) Evening View
From the hourly chart, it is clear that the gold price’s highs and lows continue to step down gradually, forming a typical bearish structure, and the downward trend remains intact. The current price is trading below the Bollinger middle band, with bearish momentum dominating.
Resistance levels: first resistance 4364, strong resistance 4392 (Bollinger upper band)
Support levels: first support 4336, strong support 4320
Trading idea: the trend remains bearish—buying/long rebounds should be treated as selling opportunities. If the price rebounds to the 4360–4364 resistance zone, you may place short orders there, with a stop loss set above 4392. The initial targets are 4336; if it breaks through, it will continue to look lower toward 4320.
It is not recommended to chase shorts blindly. Wait for the rebound to reach the resistance area before participating. Manage position sizing properly and strictly set and follow stop-loss levels.
Risk warning: the market is risky—trade with caution
$XAU
From the hourly chart, it is clear that the gold price’s highs and lows continue to step down gradually, forming a typical bearish structure, and the downward trend remains intact. The current price is trading below the Bollinger middle band, with bearish momentum dominating.
Resistance levels: first resistance 4364, strong resistance 4392 (Bollinger upper band)
Support levels: first support 4336, strong support 4320
Trading idea: the trend remains bearish—buying/long rebounds should be treated as selling opportunities. If the price rebounds to the 4360–4364 resistance zone, you may place short orders there, with a stop loss set above 4392. The initial targets are 4336; if it breaks through, it will continue to look lower toward 4320.
It is not recommended to chase shorts blindly. Wait for the rebound to reach the resistance area before participating. Manage position sizing properly and strictly set and follow stop-loss levels.
Risk warning: the market is risky—trade with caution
$XAU
