9.4 Gold Midday Wrap-Up
In the gold early session, price action remained in a high-level range. After the prior high at 4510 faced resistance, the market gradually pulled back and is currently oscillating around 4470. On the hourly timeframe, the broader uptrend for the bulls is still intact, but the indicators have continued to weaken, and there is clearly insufficient upward momentum. On the 30-minute chart, price is in a high-level pullback and consolidation phase. Tonight, the big event—Non-Farm Payrolls—takes center stage. During the daytime, trading is relatively cautious, with limited market fluctuations. For the short term, treat it as range-bound activity; do not blindly chase buys or sells.
Key Levels
Resistance: 4488–4510
Support: 4450–4430
Trading Plan
Daytime fluctuations are not significant. Prefer to stay on the sidelines and wait for the evening’s Non-Farm Payrolls. If the rebound into the 4488–4510 zone can’t push higher, you may consider shorting in the short term, targeting 4450–4430.
Note: The above is for reference only. Market conditions can change at any time—manage risk carefully $XAU
In the gold early session, price action remained in a high-level range. After the prior high at 4510 faced resistance, the market gradually pulled back and is currently oscillating around 4470. On the hourly timeframe, the broader uptrend for the bulls is still intact, but the indicators have continued to weaken, and there is clearly insufficient upward momentum. On the 30-minute chart, price is in a high-level pullback and consolidation phase. Tonight, the big event—Non-Farm Payrolls—takes center stage. During the daytime, trading is relatively cautious, with limited market fluctuations. For the short term, treat it as range-bound activity; do not blindly chase buys or sells.
Key Levels
Resistance: 4488–4510
Support: 4450–4430
Trading Plan
Daytime fluctuations are not significant. Prefer to stay on the sidelines and wait for the evening’s Non-Farm Payrolls. If the rebound into the 4488–4510 zone can’t push higher, you may consider shorting in the short term, targeting 4450–4430.
Note: The above is for reference only. Market conditions can change at any time—manage risk carefully $XAU