9.17 Jianing Midday Analysis:
After dipping to the morning low, the price rebounded from a low level and recovered back toward the Bollinger midline. The earlier depletion of the “kōng tóu” momentum has been released, and there is a chance that the rebound may continue in the short term.
A 4-hour bottom divergence has appeared. There may be a short-term rebound and correction, but it is a downside correction rather than a trend reversal.
Resistance: 4320-4338 | Support: 4260-4270
If rebounding to around 4315-4330, consider placing buys/sells—
Targets: around 4300, 4275, and 4240. #外汇黄金 #gold
After dipping to the morning low, the price rebounded from a low level and recovered back toward the Bollinger midline. The earlier depletion of the “kōng tóu” momentum has been released, and there is a chance that the rebound may continue in the short term.
A 4-hour bottom divergence has appeared. There may be a short-term rebound and correction, but it is a downside correction rather than a trend reversal.
Resistance: 4320-4338 | Support: 4260-4270
If rebounding to around 4315-4330, consider placing buys/sells—
Targets: around 4300, 4275, and 4240. #外汇黄金 #gold
