Short-term lows keep rising, and the Bollinger middle band has also successfully broken above; the bulls’ repair momentum is clearly visible. With U.S. inflation data coming in moderately warm and September rate-hike expectations cooling, this is bullish for gold. In addition, instability in the Middle East has kept risk-aversion sentiment supporting gold.
However, the U.S. Treasury yield (close 1️⃣ rate) remains high, which limits the space for a big rally—so tonight we can expect a range-bound uptrend.
Evening trading plan: go only for shallow pullbacks—don’t chase highs!
Currently, the long position at 4336 is still being held. The target is a break through 4420. For tonight’s steady longs, focus on the 4345—4350 zone. If a pullback stabilizes, consider building long positions in batches. If the pullback strengthens further, the 4332—4338 area can be watched as the second-tier support.
For the upside, first look at 4365—4370. After an effective breakout, then watch 4380—4390. If strength continues, also pay attention to around 4400..$XAUT
However, the U.S. Treasury yield (close 1️⃣ rate) remains high, which limits the space for a big rally—so tonight we can expect a range-bound uptrend.
Evening trading plan: go only for shallow pullbacks—don’t chase highs!
Currently, the long position at 4336 is still being held. The target is a break through 4420. For tonight’s steady longs, focus on the 4345—4350 zone. If a pullback stabilizes, consider building long positions in batches. If the pullback strengthens further, the 4332—4338 area can be watched as the second-tier support.
For the upside, first look at 4365—4370. After an effective breakout, then watch 4380—4390. If strength continues, also pay attention to around 4400..$XAUT
