9.1 Gold Morning Strategy
After the large sell-off earlier on the hourly chart, price gradually stabilized at low levels. Following a sharp sell-off triggered by the hawkish remarks by the Fed chair on Friday, gold price (jin) has been consolidating and repairing above the low of 4396. The lower band of the Bollinger Bands has turned upward, while the middle band continues to move downward. In the short term, this is a rebound correction after the large sell-off, but the overall big-structure trend has not been broken. The rebound should not be regarded as a trend reversal for now. In the morning, focus on the strength of the rebound continuation.
Key Levels
Resistance Levels: 4459, 4485
Support Levels: 4440, 4415
Strategy:
On pullbacks at 4425–4435, go long; targets are 4460 and 4485.
Note: The ideas are for reference only and do not constitute any investment advice. #黄金 $XAUT
After the large sell-off earlier on the hourly chart, price gradually stabilized at low levels. Following a sharp sell-off triggered by the hawkish remarks by the Fed chair on Friday, gold price (jin) has been consolidating and repairing above the low of 4396. The lower band of the Bollinger Bands has turned upward, while the middle band continues to move downward. In the short term, this is a rebound correction after the large sell-off, but the overall big-structure trend has not been broken. The rebound should not be regarded as a trend reversal for now. In the morning, focus on the strength of the rebound continuation.
Key Levels
Resistance Levels: 4459, 4485
Support Levels: 4440, 4415
Strategy:
On pullbacks at 4425–4435, go long; targets are 4460 and 4485.
Note: The ideas are for reference only and do not constitute any investment advice. #黄金 $XAUT
