After 4310+ long positions in the afternoon, price rose to 4340 and reached the target 4366. Not until the evening did it arrive—surprises kept coming. The key is having the right direction! $XAU #黄金
Post
--Bullish
江弈观金
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Bullish 9、16 afternoon market outlook analysis strategy
Gold price started a strong rebound from the low point 4235.24. The one-hour moving averages have turned upward, and price has risen above the 5-, 10-, and 20-day moving averages. In the short term, the bulls are quickly repairing, forming a V-shaped rebound structure.
The nearest resistance above is 4327.66 (intraday high). The previous high at 4366.65 is the key heavy resistance. The first support below is 4307 (5-day moving average). The core defensive support is 4293 (10-day moving average). As long as a pullback does not break through, the rebound structure can continue.
After the rapid upswing, there is pressure from profit-taking on the board. It is important to watch whether the price can effectively break through the high-point resistance, and to guard against a spike followed by a pullback.
Recommendation
43010-4280 long, take profit first at 4327.66; if a breakout occurs, continue to look toward 4366#黄金 $XAU
Gold price started a strong rebound from the low point 4235.24. The one-hour moving averages have turned upward, and price has risen above the 5-, 10-, and 20-day moving averages. In the short term, the bulls are quickly repairing, forming a V-shaped rebound structure.
The nearest resistance above is 4327.66 (intraday high). The previous high at 4366.65 is the key heavy resistance. The first support below is 4307 (5-day moving average). The core defensive support is 4293 (10-day moving average). As long as a pullback does not break through, the rebound structure can continue.
After the rapid upswing, there is pressure from profit-taking on the board. It is important to watch whether the price can effectively break through the high-point resistance, and to guard against a spike followed by a pullback.
Recommendation
43010-4280 long, take profit first at 4327.66; if a breakout occurs, continue to look toward 4366#黄金 $XAU