9.7 Jianing Morning Analysis:
Last week as a whole was a high-level consolidation after a sharp rally, with repeated fluctuations, rising first and then pulling back, without forming a clear one-way trend. This morning, the market continues its mild correction rhythm.
The high-interest-rate expectations brought by the non-farm payrolls data still remain. The rebound momentum in the market has weakened, and selling pressure at higher levels continues to accumulate. In this kind of range-bound market, it is preferable to look for pullbacks after rebounds meet resistance.
Key levels
Resistance 4445‑4460 | Support 4394‑4365
If it rebounds to around 4445-4460, you can place a short order,
Targets: around 4410, 4385, and 4350.#外汇黄金 #gold
Last week as a whole was a high-level consolidation after a sharp rally, with repeated fluctuations, rising first and then pulling back, without forming a clear one-way trend. This morning, the market continues its mild correction rhythm.
The high-interest-rate expectations brought by the non-farm payrolls data still remain. The rebound momentum in the market has weakened, and selling pressure at higher levels continues to accumulate. In this kind of range-bound market, it is preferable to look for pullbacks after rebounds meet resistance.
Key levels
Resistance 4445‑4460 | Support 4394‑4365
If it rebounds to around 4445-4460, you can place a short order,
Targets: around 4410, 4385, and 4350.#外汇黄金 #gold
