9.17 Gold Review by Toujin Guest at Midnight: After a 142-point Surge, It Dips! Gold at 4381 Encounters Resistance and Pulls Back
Gold started oscillating and rebounding from the 4239 stage low during the day. Bullish momentum kept strengthening and pushed prices higher. In the evening, price surged to the 4381 stage high, then faced pressure and fell back. Short-term longs took profits and exited in a concentrated manner, driving a pullback in price.
The market’s expectations for a Fed rate cut continue to heat up. The U.S. Dollar Index fluctuated and trended lower during the day, providing solid support for gold to rise. At the same time, geopolitical risk-aversion sentiment is gradually building, and funds continue flowing into the precious metals sector, together pushing gold higher all the way.
On the 15-minute timeframe, price pulled back to the area around the short-term moving averages to seek support. The BOLL opening remains upward, but MACD bullish momentum is gradually narrowing and weakening. There is a short-term need for consolidation and repair.
Place sell orders in the 4370–4390 range on the rebound, targeting 4340 and 4300.
$XAU $HYPE $LAB #黄金
Gold started oscillating and rebounding from the 4239 stage low during the day. Bullish momentum kept strengthening and pushed prices higher. In the evening, price surged to the 4381 stage high, then faced pressure and fell back. Short-term longs took profits and exited in a concentrated manner, driving a pullback in price.
The market’s expectations for a Fed rate cut continue to heat up. The U.S. Dollar Index fluctuated and trended lower during the day, providing solid support for gold to rise. At the same time, geopolitical risk-aversion sentiment is gradually building, and funds continue flowing into the precious metals sector, together pushing gold higher all the way.
On the 15-minute timeframe, price pulled back to the area around the short-term moving averages to seek support. The BOLL opening remains upward, but MACD bullish momentum is gradually narrowing and weakening. There is a short-term need for consolidation and repair.
Place sell orders in the 4370–4390 range on the rebound, targeting 4340 and 4300.
$XAU $HYPE $LAB #黄金
