9.7 Jinan Gold Midday Commentary:
Spot gold rebounded on the 4-hour chart and then pulled back again after facing resistance. It is currently quoted at 4388.48, down nearly 1% intraday. Prices have continued to weaken from the intraday high of 4435.17, falling to a low of 4385.30. The corrective rebound after the previous oversold decline is temporarily blocked.
Going forward, attention should still be paid to remarks from Federal Reserve officials and changes in geopolitical conditions. Stronger hawkish signals will further weigh on gold prices, while a rebound in risk aversion can provide bottom support. In the short term, news flow will continue to dominate market direction.
Technically, resistance above is in the 4430-4450 range, while initial support below is in the 4385-4365 area, with strong support at 4282. If prices can stabilize around 4385, there is still a chance for a rebound; otherwise, a break below would likely lead to another test of the previous low.
For trading, you may wait for prices to retest the 4365-4385 area and stabilize before entering long positions in batches. Upside targets can be seen at 4410 and 4430 in sequence.
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Spot gold rebounded on the 4-hour chart and then pulled back again after facing resistance. It is currently quoted at 4388.48, down nearly 1% intraday. Prices have continued to weaken from the intraday high of 4435.17, falling to a low of 4385.30. The corrective rebound after the previous oversold decline is temporarily blocked.
Going forward, attention should still be paid to remarks from Federal Reserve officials and changes in geopolitical conditions. Stronger hawkish signals will further weigh on gold prices, while a rebound in risk aversion can provide bottom support. In the short term, news flow will continue to dominate market direction.
Technically, resistance above is in the 4430-4450 range, while initial support below is in the 4385-4365 area, with strong support at 4282. If prices can stabilize around 4385, there is still a chance for a rebound; otherwise, a break below would likely lead to another test of the previous low.
For trading, you may wait for prices to retest the 4365-4385 area and stabilize before entering long positions in batches. Upside targets can be seen at 4410 and 4430 in sequence.
#黄金 $BTC $ETH
