9.23 gold evening review
The mid-day rebound bearish view was fully confirmed. The pressure area was effective in suppressing price; the price continued to break downward, and the chart movement matched all the predicted levels—current gold price is around 4307.
Technical outlook: The 1-hour Bollinger Bands are opening downward. Price is trading outside the lower band, and bearish momentum continues to release. The 30-minute Bollinger Bands are also dispersing downward in sync; the rebound strength is weak, and tonight is likely to continue the weak downward trend.
Resistance above: 4322, 4336. Support below: 4292, 4278.
Coco’s advice: For tonight, continue to focus on selling the rebounds; don’t blindly try to bottom-fish. Enter in the 4315–4335 range on rebounds, with targets at 4295 and 4280. Participate with light position sizing and strictly set/attach a stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice.#黄金
The mid-day rebound bearish view was fully confirmed. The pressure area was effective in suppressing price; the price continued to break downward, and the chart movement matched all the predicted levels—current gold price is around 4307.
Technical outlook: The 1-hour Bollinger Bands are opening downward. Price is trading outside the lower band, and bearish momentum continues to release. The 30-minute Bollinger Bands are also dispersing downward in sync; the rebound strength is weak, and tonight is likely to continue the weak downward trend.
Resistance above: 4322, 4336. Support below: 4292, 4278.
Coco’s advice: For tonight, continue to focus on selling the rebounds; don’t blindly try to bottom-fish. Enter in the 4315–4335 range on rebounds, with targets at 4295 and 4280. Participate with light position sizing and strictly set/attach a stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice.#黄金
