9.17 Gold Bullion Customer Morning Report: Overnight Bloodbath! Gold Plunges 131 USD in a Single Day
After overnight gold surged to the 4366 area high, a sudden cliff-like selloff followed. Bearish forces erupted in a concentrated manner, driving price down rapidly; during the session, it touched the 4235 key low.
The fundamental catalyst for the late-night reversal is the main trigger behind this round of sharp decline. Expectations for Fed rate cuts cooled quickly, the US Dollar Index surged aggressively, and US Treasury yields rose rapidly—together directly weighing on gold from the pricing side.
On the 15-minute timeframe, price has broken through all short-term moving average supports. The BOLL bands have sharply opened downward, making the short-term bearish trend clear. However, the MACD indicator has gradually narrowed after bearish momentum reached its peak, suggesting a need for short-term oversold correction.
Place short positions on rallies in the 4280–4300 range, with targets at 4250 and 4230.
$XAU $HYPE #黄金
After overnight gold surged to the 4366 area high, a sudden cliff-like selloff followed. Bearish forces erupted in a concentrated manner, driving price down rapidly; during the session, it touched the 4235 key low.
The fundamental catalyst for the late-night reversal is the main trigger behind this round of sharp decline. Expectations for Fed rate cuts cooled quickly, the US Dollar Index surged aggressively, and US Treasury yields rose rapidly—together directly weighing on gold from the pricing side.
On the 15-minute timeframe, price has broken through all short-term moving average supports. The BOLL bands have sharply opened downward, making the short-term bearish trend clear. However, the MACD indicator has gradually narrowed after bearish momentum reached its peak, suggesting a need for short-term oversold correction.
Place short positions on rallies in the 4280–4300 range, with targets at 4250 and 4230.
$XAU $HYPE #黄金
