9.1 Evening Gold Market Analysis
On the first trading day of September, gold prices broke down in the evening, with the current price trading around 4,370. Intraday rebounds are weak; the bears have strengthened again. The previous support at 4,390 has been breached, opening up further downside room in the short term. Market volatility has increased, and the market is waiting for this week’s non-farm data to provide further guidance.
News: Expectations of tighter overseas policies continue to build. The U.S. dollar and Treasury yields remain at high levels, continuing to weigh on gold prices. Geopolitics and central bank gold buying still provide medium- to long-term support, but in the short term, bearish sentiment dominates. There is no major high-impact data tonight, and price action is mainly driven by technical downside pressure.
Technical: The daily chart shows a large bearish candle continuing. After a valid break below key support, the bearish short-term structure is confirmed. The hourly chart keeps trending downward; indicators are at low levels. There may be a small rebound in the middle, but such a rebound is merely a repair within the broader downtrend—do not treat it directly as a bottoming reversal.
Key Levels
Resistance: 4,390–4,410; 4,440
Support: 4,340; 4,310
Trading References:
For rebounds, watch for rejection in the 4,390–4,410 range; keep stops above 4,440.
For pullbacks, observe stabilization in the 4,340–4,310 area; keep stops below 4,300.
Attention‼️ If price continues to break down below 4,310 on a real body basis, the downside room will expand further; for the “sell” plan, the approach should be delayed.
#黄金
On the first trading day of September, gold prices broke down in the evening, with the current price trading around 4,370. Intraday rebounds are weak; the bears have strengthened again. The previous support at 4,390 has been breached, opening up further downside room in the short term. Market volatility has increased, and the market is waiting for this week’s non-farm data to provide further guidance.
News: Expectations of tighter overseas policies continue to build. The U.S. dollar and Treasury yields remain at high levels, continuing to weigh on gold prices. Geopolitics and central bank gold buying still provide medium- to long-term support, but in the short term, bearish sentiment dominates. There is no major high-impact data tonight, and price action is mainly driven by technical downside pressure.
Technical: The daily chart shows a large bearish candle continuing. After a valid break below key support, the bearish short-term structure is confirmed. The hourly chart keeps trending downward; indicators are at low levels. There may be a small rebound in the middle, but such a rebound is merely a repair within the broader downtrend—do not treat it directly as a bottoming reversal.
Key Levels
Resistance: 4,390–4,410; 4,440
Support: 4,340; 4,310
Trading References:
For rebounds, watch for rejection in the 4,390–4,410 range; keep stops above 4,440.
For pullbacks, observe stabilization in the 4,340–4,310 area; keep stops below 4,300.
Attention‼️ If price continues to break down below 4,310 on a real body basis, the downside room will expand further; for the “sell” plan, the approach should be delayed.
#黄金
