9.10 Gold Midday Trading Strategy
Market Analysis
During the daytime, the gold price surged up to around 4434, but clearly met resistance and then quickly pulled back. The current price has fallen below the middle band of the Bollinger Bands. On the 5-minute MACD, the indicator turns downward; the green histogram begins to release, and upward momentum has rapidly weakened. The short-term high has already been established. The market has shifted into a pullback/adjustment rhythm, so it is not advisable to chase longs.
Fundamentals
After the market digested the geopolitical risk premium from the earlier period, capital began taking profits. Investors are waiting for the next U.S. inflation-related data for guidance. Expectations for Fed rate cuts have become more cautious again. The U.S. dollar has stabilized slightly, increasing resistance to further upside in gold.
Trading Recommendations
Set short positions within the 4415–4425 rebound range.
First target: 4400
Second target: 4385
$XAU #黄金
Market Analysis
During the daytime, the gold price surged up to around 4434, but clearly met resistance and then quickly pulled back. The current price has fallen below the middle band of the Bollinger Bands. On the 5-minute MACD, the indicator turns downward; the green histogram begins to release, and upward momentum has rapidly weakened. The short-term high has already been established. The market has shifted into a pullback/adjustment rhythm, so it is not advisable to chase longs.
Fundamentals
After the market digested the geopolitical risk premium from the earlier period, capital began taking profits. Investors are waiting for the next U.S. inflation-related data for guidance. Expectations for Fed rate cuts have become more cautious again. The U.S. dollar has stabilized slightly, increasing resistance to further upside in gold.
Trading Recommendations
Set short positions within the 4415–4425 rebound range.
First target: 4400
Second target: 4385
$XAU #黄金
