9.3 Gold Inflow Guest Daily Early Review: After a big rebound of a hundred points, gold is now consolidating at high levels! Can gold break higher again?
Yesterday, gold rebounded strongly after dipping to the 4282 area, with price rallying all the way up to 4397—an over 110-point rebound in the short term. After hitting the highs, the upward momentum slowed, and the price stalled just below resistance.
The U.S. dollar pulled back somewhat from its high, providing support for gold’s upside. In addition, after the sustained downtrend earlier on, many short positions chose to take profit and exit, while fresh buying from lower levels kept flowing in—together fueling this sharp rebound.
On the 15-minute chart, a V-shaped bottom reversal has been formed. Gold is now in a high-level consolidation phase. The moving averages have already turned upward and are propping up the price. The MACD red momentum histogram is starting to weaken, and the KDJ indicator is running in the upper range—suggesting a need for short-term sideways digestion.
Consider buying on a pullback in the 4350–4370 zone, with targets at 4400 and 4450.
$XAU $AKE #黄金
Yesterday, gold rebounded strongly after dipping to the 4282 area, with price rallying all the way up to 4397—an over 110-point rebound in the short term. After hitting the highs, the upward momentum slowed, and the price stalled just below resistance.
The U.S. dollar pulled back somewhat from its high, providing support for gold’s upside. In addition, after the sustained downtrend earlier on, many short positions chose to take profit and exit, while fresh buying from lower levels kept flowing in—together fueling this sharp rebound.
On the 15-minute chart, a V-shaped bottom reversal has been formed. Gold is now in a high-level consolidation phase. The moving averages have already turned upward and are propping up the price. The MACD red momentum histogram is starting to weaken, and the KDJ indicator is running in the upper range—suggesting a need for short-term sideways digestion.
Consider buying on a pullback in the 4350–4370 zone, with targets at 4400 and 4450.
$XAU $AKE #黄金
