9.23 Spot Gold (XAU/USD) Evening Outlook
From the one-hour Bollinger Bands chart, the price surged and then faced resistance, pulling back. The price is currently trading below the middle band. Throughout the day, bearish momentum has continued to build and release; rebounds lack strength. The overall trend still leans bearish. Ongoing attention is needed for safe-haven disturbances brought by geopolitical news.
Resistance levels: First resistance 4339, strong resistance 4373
Support levels: First support 4305, strong support 4291
Trading plan: In the evening, continue to prioritize selling on rallies. The 4335–4355 range on rebounds can be tested for short positions. The first target is 4305; if it breaks, continue lower toward 4291.
If price retests 4291 and stabilizes, consider a short-term long trade opportunity with strict stop-losses.
News could cause market fluctuations at any time. Keep position size light—do not hold heavy positions. Risk control comes first. $XAU
From the one-hour Bollinger Bands chart, the price surged and then faced resistance, pulling back. The price is currently trading below the middle band. Throughout the day, bearish momentum has continued to build and release; rebounds lack strength. The overall trend still leans bearish. Ongoing attention is needed for safe-haven disturbances brought by geopolitical news.
Resistance levels: First resistance 4339, strong resistance 4373
Support levels: First support 4305, strong support 4291
Trading plan: In the evening, continue to prioritize selling on rallies. The 4335–4355 range on rebounds can be tested for short positions. The first target is 4305; if it breaks, continue lower toward 4291.
If price retests 4291 and stabilizes, consider a short-term long trade opportunity with strict stop-losses.
News could cause market fluctuations at any time. Keep position size light—do not hold heavy positions. Risk control comes first. $XAU
