9.7 Gold Morning Strategy
On the hourly chart, gold prices surged higher and then came under pressure and pulled back. After a rapid retest, the decline slowed. Prices found support above the lower Bollinger Band, and the lower band is gradually flattening. After a sharp drop, there is a technical need for a corrective rebound. The pace of the pullback has eased, so do not blindly chase shorts in the morning. Focus on opportunities for stabilization after a retest.
Key Levels
Resistance: 4450, 4470
Support: 4410, 4395
Strategy:
Wait for stabilization in the 4400-4415 area after a pullback and go long, with targets at 4450 and 4470.
Note: The view is for reference only and does not constitute any investment advice.#黄金 $XAUT
On the hourly chart, gold prices surged higher and then came under pressure and pulled back. After a rapid retest, the decline slowed. Prices found support above the lower Bollinger Band, and the lower band is gradually flattening. After a sharp drop, there is a technical need for a corrective rebound. The pace of the pullback has eased, so do not blindly chase shorts in the morning. Focus on opportunities for stabilization after a retest.
Key Levels
Resistance: 4450, 4470
Support: 4410, 4395
Strategy:
Wait for stabilization in the 4400-4415 area after a pullback and go long, with targets at 4450 and 4470.
Note: The view is for reference only and does not constitute any investment advice.#黄金 $XAUT
