Xingran Morning 9/16 Gold Market Analysis
The price has been oscillating and falling from the high point 4510 all the way down. The highs have continued to move lower. After bottoming out at 4253, it showed a small corrective rebound from the lower range. Currently quoted at 4286. The rebound momentum is relatively weak. On the higher timeframe, the market still maintains a bearish structure, and this is low-range consolidation following a decline.
Short-term outlook: Mainly look to sell on rebounds
Resistance: 4317.89; Strong resistance: 4382.19
Support: 4253.59; Key support: 4253.59. A break below will restart the sell-off
Entry: Sell on the rebound at 4310–4317
Stop loss: 4383
Targets: 4270 → 4253
Additional note: If the 4-hour candlestick body holds above 4382, the bearish outlook will no longer work, and the room for the rebound will continue to expand.$XAU
#美联储加息是否已成定局 #贝森特支持CLARITY法案终稿
The price has been oscillating and falling from the high point 4510 all the way down. The highs have continued to move lower. After bottoming out at 4253, it showed a small corrective rebound from the lower range. Currently quoted at 4286. The rebound momentum is relatively weak. On the higher timeframe, the market still maintains a bearish structure, and this is low-range consolidation following a decline.
Short-term outlook: Mainly look to sell on rebounds
Resistance: 4317.89; Strong resistance: 4382.19
Support: 4253.59; Key support: 4253.59. A break below will restart the sell-off
Entry: Sell on the rebound at 4310–4317
Stop loss: 4383
Targets: 4270 → 4253
Additional note: If the 4-hour candlestick body holds above 4382, the bearish outlook will no longer work, and the room for the rebound will continue to expand.$XAU
#美联储加息是否已成定局 #贝森特支持CLARITY法案终稿
