9.15 Le ta🔥 Spot Gold Early-Morning Market Analysis
Today, gold first saw an expansion in volume followed by a deep dip, and then quickly rebounded into a sharp V-shape. The decline in the evening was driven by rate-hike expectations and a technical breakdown that triggered programmatic stop-loss orders in a synchronized wave; the rapid surge after midnight is a retaliatory rebound caused by concentrated short-covering from lower levels, not a direct reversal of the trend.
The 4280–4300 area that was broken through earlier has now turned from resistance into an important support zone. The market is still caught in the tug-of-war ahead of the Fed decision on Wednesday; we are currently in a volatile shakeout phase, and the follow-through for both up and down moves is poor, with major disagreements between bulls and bears.
After midnight, liquidity is insufficient, leading to wide-range choppy trading; after the push higher, there is a possibility of another pullback.
This rebound is driven by short-covering and cannot directly be used to define a bullish reversal. Whether the breakout is real or fake should be left to confirmation from subsequent candlesticks. The bigger picture should wait for the Fed decision to land. After midnight, stop-hunt whipsaws are likely, so try to reduce frequent opening of positions.
Resistance
First resistance: 4330–4342 short; stop loss above 4360; targets 4300–4285 to revisit.
Support
First support: 4285–4300 long; stop loss below 4268; short-term targets 4325–4335.#黄金外汇 #XAU
Today, gold first saw an expansion in volume followed by a deep dip, and then quickly rebounded into a sharp V-shape. The decline in the evening was driven by rate-hike expectations and a technical breakdown that triggered programmatic stop-loss orders in a synchronized wave; the rapid surge after midnight is a retaliatory rebound caused by concentrated short-covering from lower levels, not a direct reversal of the trend.
The 4280–4300 area that was broken through earlier has now turned from resistance into an important support zone. The market is still caught in the tug-of-war ahead of the Fed decision on Wednesday; we are currently in a volatile shakeout phase, and the follow-through for both up and down moves is poor, with major disagreements between bulls and bears.
After midnight, liquidity is insufficient, leading to wide-range choppy trading; after the push higher, there is a possibility of another pullback.
This rebound is driven by short-covering and cannot directly be used to define a bullish reversal. Whether the breakout is real or fake should be left to confirmation from subsequent candlesticks. The bigger picture should wait for the Fed decision to land. After midnight, stop-hunt whipsaws are likely, so try to reduce frequent opening of positions.
Resistance
First resistance: 4330–4342 short; stop loss above 4360; targets 4300–4285 to revisit.
Support
First support: 4285–4300 long; stop loss below 4268; short-term targets 4325–4335.#黄金外汇 #XAU
