9.1 Gold Market Midnight Review by Jintou Guest: 135-point Head-Slicing Kill! Gold Breaks Through 4326 Stage Lows
Gold started from the 4461 stage high with a one-way breakout and selloff. The short side’s firepower intensified, pouring out aggressively, breaking through multiple key support levels one after another. The low was probed to 4326. Overall, this is a weak consolidation/repair phase after a big drop: market sentiment has gradually stabilized from extreme panic, and low-level long/short contention has increased somewhat.
Expectations of a September rate cut by the Fed have cooled significantly, and the US Dollar Index has continued to strengthen—these are the core driving forces behind this round of gold price plunge. After consecutive heavy-volume declines, short-term profit-taking has driven shorts to close out and exit. At the same time, bargain-hunting funds at lower levels have been testing entry. Together, these factors have pushed this oversold rebound/repair move.
On the 15-minute timeframe, a bottoming-and-rebound structure has formed. The moving averages are still arranged bearishly, which exerts pressure on rebound prices. The MACD green histogram continues to shrink in volume—there is some repair momentum in the short term—but the larger timeframe downtrend has not yet been reversed. Overall, the room for upward rebound is limited.
Place short positions on the rebound in the 4380–4400 range, with targets at 4350 and 4320.
$XAU $AKE #黄金
Gold started from the 4461 stage high with a one-way breakout and selloff. The short side’s firepower intensified, pouring out aggressively, breaking through multiple key support levels one after another. The low was probed to 4326. Overall, this is a weak consolidation/repair phase after a big drop: market sentiment has gradually stabilized from extreme panic, and low-level long/short contention has increased somewhat.
Expectations of a September rate cut by the Fed have cooled significantly, and the US Dollar Index has continued to strengthen—these are the core driving forces behind this round of gold price plunge. After consecutive heavy-volume declines, short-term profit-taking has driven shorts to close out and exit. At the same time, bargain-hunting funds at lower levels have been testing entry. Together, these factors have pushed this oversold rebound/repair move.
On the 15-minute timeframe, a bottoming-and-rebound structure has formed. The moving averages are still arranged bearishly, which exerts pressure on rebound prices. The MACD green histogram continues to shrink in volume—there is some repair momentum in the short term—but the larger timeframe downtrend has not yet been reversed. Overall, the room for upward rebound is limited.
Place short positions on the rebound in the 4380–4400 range, with targets at 4350 and 4320.
$XAU $AKE #黄金
