Summary of the 9.4 market session
In the evening, gold was hit by the U.S. August unemployment rate data, and the intraday high-level pattern was directly broken. During the day, gold price maintained a high-level consolidation range of 4460-4490, reaching a high of 4490.74. After the earlier upward move, the market continued to consolidate at high levels, with a relatively strong short-term bullish atmosphere. After the evening data release, gold prices plunged rapidly, and are currently trading around 4398. From a short-cycle structure perspective, after the large bearish candle slammed the market, the short-term trend has already turned weaker. The previous high-level support has all turned into resistance, so for intraday trading, we will not blindly try to pick a bottom; instead, we will focus on observing resistance during rebounds and support at lower levels.
Areas to watch for rebound resistance during the day: around 4415-4420; further resistance area around 4430-4435.
Below, first watch for support at 4380-4385; if that breaks, continue to monitor the key defense level at 4379.
On the news front, the U.S. August unemployment rate data released in the evening met expectations, showing resilience in employment and further cooling rate-cut expectations. The stronger dollar and U.S. Treasury yields put obvious pressure on gold, causing a rapid sell-off and pullback in prices. The market will continue to digest the impact of this employment data, with a key focus on whether prices can stabilize at lower levels. Volatility remains elevated after the news, so risk control is essential.
#黄金
In the evening, gold was hit by the U.S. August unemployment rate data, and the intraday high-level pattern was directly broken. During the day, gold price maintained a high-level consolidation range of 4460-4490, reaching a high of 4490.74. After the earlier upward move, the market continued to consolidate at high levels, with a relatively strong short-term bullish atmosphere. After the evening data release, gold prices plunged rapidly, and are currently trading around 4398. From a short-cycle structure perspective, after the large bearish candle slammed the market, the short-term trend has already turned weaker. The previous high-level support has all turned into resistance, so for intraday trading, we will not blindly try to pick a bottom; instead, we will focus on observing resistance during rebounds and support at lower levels.
Areas to watch for rebound resistance during the day: around 4415-4420; further resistance area around 4430-4435.
Below, first watch for support at 4380-4385; if that breaks, continue to monitor the key defense level at 4379.
On the news front, the U.S. August unemployment rate data released in the evening met expectations, showing resilience in employment and further cooling rate-cut expectations. The stronger dollar and U.S. Treasury yields put obvious pressure on gold, causing a rapid sell-off and pullback in prices. The market will continue to digest the impact of this employment data, with a key focus on whether prices can stabilize at lower levels. Volatility remains elevated after the news, so risk control is essential.
#黄金