9.7 Toujinke Gold Morning Comment: Bottoming and Stabilizing! Gold Oversold Rebound Repair
Gold has shown a bottoming-and-rebounding trend. After the price fell from the previous high to the stage low of 4282.53, it stopped declining and rebounded. Overall, it is in a volatile recovery phase after being oversold.
Hawkish signals will directly suppress gold prices, while if risk aversion sentiment continues to heat up, it will provide support for the price floor. In the short term, news-driven factors are especially significant in affecting market fluctuations.
From a technical perspective, the key overhead resistance zone is concentrated in the 4450-4510 range, which is the primary barrier for this rebound; short-term support below is first seen in the 4395-4365 area, while the 4280 line is the strong support bottom line for this correction.
Buy on pullbacks in the 4400-4420 range, targets 4450 and 4470.
$XAU $HYPE #黄金
Gold has shown a bottoming-and-rebounding trend. After the price fell from the previous high to the stage low of 4282.53, it stopped declining and rebounded. Overall, it is in a volatile recovery phase after being oversold.
Hawkish signals will directly suppress gold prices, while if risk aversion sentiment continues to heat up, it will provide support for the price floor. In the short term, news-driven factors are especially significant in affecting market fluctuations.
From a technical perspective, the key overhead resistance zone is concentrated in the 4450-4510 range, which is the primary barrier for this rebound; short-term support below is first seen in the 4395-4365 area, while the 4280 line is the strong support bottom line for this correction.
Buy on pullbacks in the 4400-4420 range, targets 4450 and 4470.
$XAU $HYPE #黄金
