9.22 Morning Analysis of Dahuang: Retreat Under High-Level Pressure; Key Focus This Morning on Whether Support Holds
News
Market risk appetite has shown some improvement. Stocks have risen, diverting some of the safe-haven buying. After gold surged, it met sell pressure and moved lower. In the short term, market sentiment keeps swinging, with intensified competition among funds. Both bulls and bears are battling around the current level. With no major data releases yet, the market is driven more by technical factors. During the day, closely watch the intraday fund flows, as they may cause short-term volatility.
Technical Analysis
On the hourly chart, gold has surged and then pulled back. Price is trading below the Bollinger middle band, and overhead pressure is emerging. Short-term support has formed near the previous low. This pullback did not directly open up deeper downside space. The KDJ indicator is in a neutral zone, and bullish and bearish momentum are relatively balanced. Overhead resistance is around the 4370 area. The key support is near 4320. The market has entered a range-bound, back-and-forth trading phase.
Trading Strategy
If price rebounds to around 4370–4390, set short positions. Targets are 4350–4320; if the level breaks, follow through.
On a pullback to around 4300–4320, if a rebound/stop-fall signal appears, consider going long. Targets are 4350–4370.
News
Market risk appetite has shown some improvement. Stocks have risen, diverting some of the safe-haven buying. After gold surged, it met sell pressure and moved lower. In the short term, market sentiment keeps swinging, with intensified competition among funds. Both bulls and bears are battling around the current level. With no major data releases yet, the market is driven more by technical factors. During the day, closely watch the intraday fund flows, as they may cause short-term volatility.
Technical Analysis
On the hourly chart, gold has surged and then pulled back. Price is trading below the Bollinger middle band, and overhead pressure is emerging. Short-term support has formed near the previous low. This pullback did not directly open up deeper downside space. The KDJ indicator is in a neutral zone, and bullish and bearish momentum are relatively balanced. Overhead resistance is around the 4370 area. The key support is near 4320. The market has entered a range-bound, back-and-forth trading phase.
Trading Strategy
If price rebounds to around 4370–4390, set short positions. Targets are 4350–4320; if the level breaks, follow through.
On a pullback to around 4300–4320, if a rebound/stop-fall signal appears, consider going long. Targets are 4350–4370.
