9.7 Investment Guest Gold Evening Review: Intraday Fluctuations and Sweeping! Gold Rockets Up Then Dives, With Wide-Range Sideways Trading
Today, gold’s price action has been choppy and repetitive. In the morning it surged to the 4438 area but met resistance and dropped sharply. During the session, it probed down to the 4385 swing low. Then bargain-hunting capital stepped in to support the market, driving a quick rebound. For the time being, short-term bears have the upper hand, and market sentiment is leaning toward cautious watchfulness.
On the 10-minute chart, price is running below the short-term moving averages. The BOLL opening is tending to diverge downward, and a short-term weak structure is taking shape. The resistance zone above at 4418–4438 has been tested multiple times without a breakthrough. The key short-term support lies at 4385–4377.
On pullbacks, consider placing long orders in the 4360–4380 zone, targeting 4400 and 4440.
$XAU $AKE #黄金
Today, gold’s price action has been choppy and repetitive. In the morning it surged to the 4438 area but met resistance and dropped sharply. During the session, it probed down to the 4385 swing low. Then bargain-hunting capital stepped in to support the market, driving a quick rebound. For the time being, short-term bears have the upper hand, and market sentiment is leaning toward cautious watchfulness.
On the 10-minute chart, price is running below the short-term moving averages. The BOLL opening is tending to diverge downward, and a short-term weak structure is taking shape. The resistance zone above at 4418–4438 has been tested multiple times without a breakthrough. The key short-term support lies at 4385–4377.
On pullbacks, consider placing long orders in the 4360–4380 zone, targeting 4400 and 4440.
$XAU $AKE #黄金
