9.2 Gold
Yesterday gold broke down from the high-level pressure zone and moved lower. Prices pushed up to the 4461 area, met resistance, and then pulled back. The bulls lacked sufficient follow-through, so the evening saw a round of deeper correction. The low touched 4322, and the daily chart closed with a large bearish candlestick with a solid real body.
This big bearish candle directly broke through multiple short-term supports, and bearish momentum released in a concentrated way. The near-term market structure has completely shifted from strong to weak. According to technical pattern rules, after a large bearish candle closes, the second trading day generally sees an inertia-based probe lower. Therefore, today’s overall rhythm should first favor a trend-following pullback; once price stabilizes at lower levels, we can look to trade a rebound for repairing the move.
The line separating bulls and bears is very clear today. In the early session, 4335 is the intraday short-term strength/weakness pivot. For support, the first target is 4311. After an early pullback to 4316, price quickly recovered. If price can hold back above 4335 again, today is unlikely to make a fresh low. If 4311 is broken effectively, the next focus is 4280. 4250 is the strong support for this cycle; when pullbacks reach that zone, you may consider positioning for long trades.
For resistance, refer to the high of the pre-dawn rebound at 4372—this is also an important intraday bulls/bears line. If the rebound touches this level, you can set up short positions. To declare that the correction is over, gold must regain and hold above 4372.
Gold trading suggestions
From 4335-4350 (short), target 4280-4250.
#ARB上涨30%受Robinhood链收入推动
Yesterday gold broke down from the high-level pressure zone and moved lower. Prices pushed up to the 4461 area, met resistance, and then pulled back. The bulls lacked sufficient follow-through, so the evening saw a round of deeper correction. The low touched 4322, and the daily chart closed with a large bearish candlestick with a solid real body.
This big bearish candle directly broke through multiple short-term supports, and bearish momentum released in a concentrated way. The near-term market structure has completely shifted from strong to weak. According to technical pattern rules, after a large bearish candle closes, the second trading day generally sees an inertia-based probe lower. Therefore, today’s overall rhythm should first favor a trend-following pullback; once price stabilizes at lower levels, we can look to trade a rebound for repairing the move.
The line separating bulls and bears is very clear today. In the early session, 4335 is the intraday short-term strength/weakness pivot. For support, the first target is 4311. After an early pullback to 4316, price quickly recovered. If price can hold back above 4335 again, today is unlikely to make a fresh low. If 4311 is broken effectively, the next focus is 4280. 4250 is the strong support for this cycle; when pullbacks reach that zone, you may consider positioning for long trades.
For resistance, refer to the high of the pre-dawn rebound at 4372—this is also an important intraday bulls/bears line. If the rebound touches this level, you can set up short positions. To declare that the correction is over, gold must regain and hold above 4372.
Gold trading suggestions
From 4335-4350 (short), target 4280-4250.
#ARB上涨30%受Robinhood链收入推动