9.15 Gold Ingot Guest Gold Midday Briefing: Was the early-session spike already the top? The bears are firmly in control of the pace
In the daytime, gold’s early session first moved higher in a choppy range. During the session, it surged to a 4317.38 intraday high, then immediately met resistance and fell back. Bearish momentum continued to build, driving the price to grind lower in a sustained range. In the short term, the price is gradually pressing toward the low-area range from the early session.
On the 10-minute cycle, price has broken below the support of the short-term moving-average cluster. The BOLL remains in a downward-diverging, open-angled shape, and the MACD bearish momentum is still in the process of steady release.
Consider placing sell orders in the 4310–4330 rebound range, with targets at 4270 and 4250.
$XAU $AKE $LAB #黄金
In the daytime, gold’s early session first moved higher in a choppy range. During the session, it surged to a 4317.38 intraday high, then immediately met resistance and fell back. Bearish momentum continued to build, driving the price to grind lower in a sustained range. In the short term, the price is gradually pressing toward the low-area range from the early session.
On the 10-minute cycle, price has broken below the support of the short-term moving-average cluster. The BOLL remains in a downward-diverging, open-angled shape, and the MACD bearish momentum is still in the process of steady release.
Consider placing sell orders in the 4310–4330 rebound range, with targets at 4270 and 4250.
$XAU $AKE $LAB #黄金
