9.4 Gold Inbound Customer Gold Morning Review: A Raging Reversal! The Bullish Gold Trend Has Been Established
Yesterday, gold surged from the 4,383 area. Price moved higher in a one-way advance, breaking through multiple key resistance levels in succession, and reaching a peak of 4,510.79. It directly reversed the prior bearish pattern of consecutive declines. Overall, the current pullback is normal technical correction following a sharp rally. It aims to absorb short-term overbought pressure and is not a trend reversal. Market sentiment has fully shifted from extremely bearish to being dominated by bulls.
The U.S. Dollar Index has been steadily falling from its highs, providing the most core driving force for gold’s rise. At the same time, accumulated short positions from the earlier continuous decline have largely taken profit. Combined with bargain-hunting funds pouring into the precious metals market, the balance of power between buyers and sellers has switched, jointly driving the market reversal.
On the 1-hour timeframe, the V-shaped reversal pattern has been fully established. The moving average system is gradually turning up and repairing. The BOLL bands show a bullish structure opening upward. Although the short-term may still have a need for overbought correction, the bullish structure remains intact, and after building momentum, there is still upside energy.
Pull back to the 4,450–4,470 zone to build long positions, with targets at 4,500 and 4,520.
$XAU $AKE #黄金
Yesterday, gold surged from the 4,383 area. Price moved higher in a one-way advance, breaking through multiple key resistance levels in succession, and reaching a peak of 4,510.79. It directly reversed the prior bearish pattern of consecutive declines. Overall, the current pullback is normal technical correction following a sharp rally. It aims to absorb short-term overbought pressure and is not a trend reversal. Market sentiment has fully shifted from extremely bearish to being dominated by bulls.
The U.S. Dollar Index has been steadily falling from its highs, providing the most core driving force for gold’s rise. At the same time, accumulated short positions from the earlier continuous decline have largely taken profit. Combined with bargain-hunting funds pouring into the precious metals market, the balance of power between buyers and sellers has switched, jointly driving the market reversal.
On the 1-hour timeframe, the V-shaped reversal pattern has been fully established. The moving average system is gradually turning up and repairing. The BOLL bands show a bullish structure opening upward. Although the short-term may still have a need for overbought correction, the bullish structure remains intact, and after building momentum, there is still upside energy.
Pull back to the 4,450–4,470 zone to build long positions, with targets at 4,500 and 4,520.
$XAU $AKE #黄金
