Gold saw a sharp, one-way decline today, with the low touching 4326. After being in a short-term oversold condition, a low-level rebound began toward the close. Gold is currently hovering around 4330.
During the New York session, the price pulled back to the 4428-4420 range. Buying support appeared here, and as short-covering pushed the price higher, it rebounded to around 4375.
First resistance level: 4375-4385; the rebound reached this zone but met resistance.
Strong resistance level: 4410-4415, tomorrow’s key watershed. A break above this level is needed to ease the downward trend.
First support level: 4340-4345; key support: 4325-4310, with today’s low serving as the line in defense.
If this level is decisively broken, it will open further downside room, with the next target around 4290.
Only a break above 4415 will signal that the current downtrend has ended.
#黄金 #XAUUSD
During the New York session, the price pulled back to the 4428-4420 range. Buying support appeared here, and as short-covering pushed the price higher, it rebounded to around 4375.
First resistance level: 4375-4385; the rebound reached this zone but met resistance.
Strong resistance level: 4410-4415, tomorrow’s key watershed. A break above this level is needed to ease the downward trend.
First support level: 4340-4345; key support: 4325-4310, with today’s low serving as the line in defense.
If this level is decisively broken, it will open further downside room, with the next target around 4290.
Only a break above 4415 will signal that the current downtrend has ended.
#黄金 #XAUUSD
