9.14 Gege’s Golden Evening Outlook
Today gold saw a clear intraday downside move; the low touched 4278, followed by a modest rebound and recovery. From the chart, this upswing is merely a brief consolidation after a big drop. Overall, bearish momentum still holds the advantage and this is not a trend reversal.
In the evening, don’t rush to bet on a rebound long position. In a weak market, rebounds often provide an opportunity for selling pressure. Don’t let short-term minor pullbacks distract you—observe the overhead resistance levels patiently, and wait for a clear signal from the price action before taking action.
Trading Suggestions
If price rebounds to the 4315–4330 area and meets resistance, target 4300; if it breaks, look for 4290–4240.
If price pulls back and stabilizes around 4270–4380, go long; target 4300; if it breaks, look for 4330–4380.
#黄金下跌
Today gold saw a clear intraday downside move; the low touched 4278, followed by a modest rebound and recovery. From the chart, this upswing is merely a brief consolidation after a big drop. Overall, bearish momentum still holds the advantage and this is not a trend reversal.
In the evening, don’t rush to bet on a rebound long position. In a weak market, rebounds often provide an opportunity for selling pressure. Don’t let short-term minor pullbacks distract you—observe the overhead resistance levels patiently, and wait for a clear signal from the price action before taking action.
Trading Suggestions
If price rebounds to the 4315–4330 area and meets resistance, target 4300; if it breaks, look for 4290–4240.
If price pulls back and stabilizes around 4270–4380, go long; target 4300; if it breaks, look for 4330–4380.
#黄金下跌