8.31 Gold Night Strategy
After the daily big move, the price has been consolidating in a low range and repairing. Influenced by last Friday’s hawkish remarks by the Fed, gold dropped sharply. After pulling back to the low point at 4396, it stopped falling and rebounded. The lower Bollinger Band is gradually flattening; the short-term downside momentum has been fully released. The market has entered a low-level consolidation phase. The rebound strength is relatively weak, and for now it has not formed a clear strong reversal structure. In all likelihood during the night, it will continue to trade range-bound. Don’t chase price or sell into weakness.
Key Levels
Resistance: 4440, 4466
Support: 4415, 4396
Strategy:
Buy/execute on stabilization in the 4415–4425 pullback zone, aiming for 4440 and 4465.
Note: This idea is for reference only and does not constitute any investment advice. Liquidity tends to weaken at night, and the price may show spiky movements and noise. Use a light position size, keep strict risk controls, and set defensive stops properly. #黄金 $XAUT
After the daily big move, the price has been consolidating in a low range and repairing. Influenced by last Friday’s hawkish remarks by the Fed, gold dropped sharply. After pulling back to the low point at 4396, it stopped falling and rebounded. The lower Bollinger Band is gradually flattening; the short-term downside momentum has been fully released. The market has entered a low-level consolidation phase. The rebound strength is relatively weak, and for now it has not formed a clear strong reversal structure. In all likelihood during the night, it will continue to trade range-bound. Don’t chase price or sell into weakness.
Key Levels
Resistance: 4440, 4466
Support: 4415, 4396
Strategy:
Buy/execute on stabilization in the 4415–4425 pullback zone, aiming for 4440 and 4465.
Note: This idea is for reference only and does not constitute any investment advice. Liquidity tends to weaken at night, and the price may show spiky movements and noise. Use a light position size, keep strict risk controls, and set defensive stops properly. #黄金 $XAUT
