9, 16 afternoon market outlook analysis strategy
In the afternoon, gold prices saw a strong surge. Rising quickly from the low at 4275.51, the 5-, 10-, and 20-day moving averages on the one-hour chart all turned upward. Prices remain steadily above the moving averages, and short-term bullish momentum has concentrated and released.
The nearest resistance overhead is 4341.07 (intraday high). If it breaks through, it will further open up upside space. The first support below is 4328 (5-day moving average), and the core defensive support is 4301 (20-day moving average). As long as the pullback does not break, the current uptrend structure remains intact.
After the rapid short-term rally, there is some demand for profit-taking. Be cautious about a spike followed by a pullback. Focus on whether resistance near the highs and support at the moving averages remain effective.
Recommendation
For the support zone 4328–4301, once it stabilizes, consider long positions. Target first at 4341; after a breakout, continue to look higher: #黄金 $XAUT
In the afternoon, gold prices saw a strong surge. Rising quickly from the low at 4275.51, the 5-, 10-, and 20-day moving averages on the one-hour chart all turned upward. Prices remain steadily above the moving averages, and short-term bullish momentum has concentrated and released.
The nearest resistance overhead is 4341.07 (intraday high). If it breaks through, it will further open up upside space. The first support below is 4328 (5-day moving average), and the core defensive support is 4301 (20-day moving average). As long as the pullback does not break, the current uptrend structure remains intact.
After the rapid short-term rally, there is some demand for profit-taking. Be cautious about a spike followed by a pullback. Focus on whether resistance near the highs and support at the moving averages remain effective.
Recommendation
For the support zone 4328–4301, once it stabilizes, consider long positions. Target first at 4341; after a breakout, continue to look higher: #黄金 $XAUT
