9.15 Gold depositing guest gold early outlook: Gold plunges on the day after being oversold; rebounds do not change the bearish primary outlook
Yesterday’s gold early session surged to the 4355 phase high, then shifted into a one-way pullback. Bearish pressure stayed strong, and price kept sliding lower, with the night’s low reaching the 4253 phase low.
On the 15-minute cycle, price rebounded after touching the BOLL lower band. However, short-term moving averages overhead still create a clear resistance. MACD bearish momentum is gradually narrowing, and there is a need for short-term correction/repair.
Place short positions on the rebound in the 4300–4320 range, with targets at 4270 and 4250.
$XAU $AKE #黄金
Yesterday’s gold early session surged to the 4355 phase high, then shifted into a one-way pullback. Bearish pressure stayed strong, and price kept sliding lower, with the night’s low reaching the 4253 phase low.
On the 15-minute cycle, price rebounded after touching the BOLL lower band. However, short-term moving averages overhead still create a clear resistance. MACD bearish momentum is gradually narrowing, and there is a need for short-term correction/repair.
Place short positions on the rebound in the 4300–4320 range, with targets at 4270 and 4250.
$XAU $AKE #黄金
