9.21 Friday: Man Gold Evening Review
The spot gold 4-hour cycle shows a consolidation structure following a bottoming rebound. After starting its rebound from the 4235.24 swing low, the price pushed higher during the day to the 4383.32 peak, then met resistance and pulled back. The latest quote is 4354.12. The intraday decline is 0.55%. During the session, the price dipped to a low of 4340.10. In the short term, gold has entered a consolidation phase after the rebound, digesting the move.
From a fundamentals perspective, the Fed’s expectations for interest-rate cuts within the year remain a long-term support for gold prices. However, in the short run, profit-taking has been concentrated and has exited the market. Combined with a phase of rebound in the U.S. dollar index, this has jointly weighed on gold’s pullback. Still, the core logic behind gold’s valuation repair has not yet turned.
On the 4-hour chart, the Bollinger Bands are overall narrowing. Price has fallen back from near the upper band to trade around the mid-band. Bullish momentum has weakened somewhat, and overall the market remains in the repair cycle following the previous major selloff.
For trading, on pullbacks into the 4325–4345 range, consider building long positions in batches. The upside targets are 4380 and then around 4400. If price rebounds to above 4380 and runs into resistance, you may look to place short-term short positions at the appropriate time.
#黄金 $BTC $ETH
The spot gold 4-hour cycle shows a consolidation structure following a bottoming rebound. After starting its rebound from the 4235.24 swing low, the price pushed higher during the day to the 4383.32 peak, then met resistance and pulled back. The latest quote is 4354.12. The intraday decline is 0.55%. During the session, the price dipped to a low of 4340.10. In the short term, gold has entered a consolidation phase after the rebound, digesting the move.
From a fundamentals perspective, the Fed’s expectations for interest-rate cuts within the year remain a long-term support for gold prices. However, in the short run, profit-taking has been concentrated and has exited the market. Combined with a phase of rebound in the U.S. dollar index, this has jointly weighed on gold’s pullback. Still, the core logic behind gold’s valuation repair has not yet turned.
On the 4-hour chart, the Bollinger Bands are overall narrowing. Price has fallen back from near the upper band to trade around the mid-band. Bullish momentum has weakened somewhat, and overall the market remains in the repair cycle following the previous major selloff.
For trading, on pullbacks into the 4325–4345 range, consider building long positions in batches. The upside targets are 4380 and then around 4400. If price rebounds to above 4380 and runs into resistance, you may look to place short-term short positions at the appropriate time.
#黄金 $BTC $ETH
