9, 11 morning market outlook analysis strategy
After the gold price continues its downward move, it has rebounded slightly from a low level. The current price is 4320.10. On the one-hour timeframe, the moving averages remain in a continuous downward排列; the price is still below the moving averages. Overall, the bearish trend has not changed. This is currently only a small corrective pullback after the selloff, and the rebound strength is weak.
In the short term, the resistance zone is 4329–4344 (short-term moving average pressure area). The first support is 4313, with key defense at 4295. If the rebound cannot hold above 4344, the downward trend will continue. Only if it holds above this resistance level will a deeper rebound come. The morning outlook is mainly weak consolidation!
Suggested trade
Go long in the 4295–4315 range, stop loss below 4288, target 4329–4344 $XAU #黄金 #黄金下跌
After the gold price continues its downward move, it has rebounded slightly from a low level. The current price is 4320.10. On the one-hour timeframe, the moving averages remain in a continuous downward排列; the price is still below the moving averages. Overall, the bearish trend has not changed. This is currently only a small corrective pullback after the selloff, and the rebound strength is weak.
In the short term, the resistance zone is 4329–4344 (short-term moving average pressure area). The first support is 4313, with key defense at 4295. If the rebound cannot hold above 4344, the downward trend will continue. Only if it holds above this resistance level will a deeper rebound come. The morning outlook is mainly weak consolidation!
Suggested trade
Go long in the 4295–4315 range, stop loss below 4288, target 4329–4344 $XAU #黄金 #黄金下跌
