9.10 Rakutenš„ Gold Morning Market Analysis
Overnight, gold prices staged an oversold-rebound repair move. Price has moved back above the 4400 level. Reminder: what weāre seeing is a rebound, not a complete trend reversal.
Tonightās PPI and tomorrowās CPI inflation data are the core factors that will determine the direction of the short-term market. Before the data is released, price fluctuations may intensifyādo not chase the price blindly.
Key levels for execution
š¹ Support: 4370ā4385
š¹ Resistance: 4450ā4480
Northbound: If price pulls back to 4370ā4385 and shows a reversal/stabilization signal, enter. Stop-loss: 4362. Targets: 4420ā4445.
Southbound: If a rebound into 4450ā4480 shows signs of momentum slowing and becomes capped, consider trying a short with a light position. Stop-loss: 4492. Targets: back to 4400ā4388.
Before the data arrives, avoid taking oversized positions. Donāt chase rallies or selloffsāwait for confirmation signals from the K-line, execute only when the signal is confirmed, set stop-losses strictly, and control position sizing.
ā ļø The above is only a personal view sharing of the market, and does not constitute investment advice. Leveraged trading carries high risk.#é»é #XAU
Overnight, gold prices staged an oversold-rebound repair move. Price has moved back above the 4400 level. Reminder: what weāre seeing is a rebound, not a complete trend reversal.
Tonightās PPI and tomorrowās CPI inflation data are the core factors that will determine the direction of the short-term market. Before the data is released, price fluctuations may intensifyādo not chase the price blindly.
Key levels for execution
š¹ Support: 4370ā4385
š¹ Resistance: 4450ā4480
Northbound: If price pulls back to 4370ā4385 and shows a reversal/stabilization signal, enter. Stop-loss: 4362. Targets: 4420ā4445.
Southbound: If a rebound into 4450ā4480 shows signs of momentum slowing and becomes capped, consider trying a short with a light position. Stop-loss: 4492. Targets: back to 4400ā4388.
Before the data arrives, avoid taking oversized positions. Donāt chase rallies or selloffsāwait for confirmation signals from the K-line, execute only when the signal is confirmed, set stop-losses strictly, and control position sizing.
ā ļø The above is only a personal view sharing of the market, and does not constitute investment advice. Leveraged trading carries high risk.#é»é #XAU
