Spot gold morning analysis for September 18
Overnight, the gold price rose to around 4381 and then faced pressure and pulled back. During the Asian session, price entered a high-range consolidation to repair. On shorter cycles, bullish momentum has shown some weakening. Treat the morning’s trading range as the focus—don’t chase. Risk control comes first.
From the 15-minute chart perspective, the MACD is running downward, and bullish momentum appears to be exhausted. The current price is around 4342. Resistance overhead is 4360–4380, with heavy resistance at 4400. Support in the short term is 4320, and the key line of defense is 4306. If 4306 is broken, the market may trigger a deeper pullback in the short term. If this support is held, the price is likely to maintain a high-range consolidation pattern.
Trading approach: pullbacks to buy are the primary strategy, while selling at higher levels is secondary. If price pulls back and stabilizes in the 4320–4306 zone, look to buy, with stops below 4300. Targets are 4360–4385. If price rebounds into 4380–4400 and becomes sluggish due to resistance, a small position short can be considered, with protection above 4405, aiming for a retest around 4320. Asian session volatility is relatively steady—strictly control position sizing and place stop-loss orders properly.
The above content is for market opinion sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng’s Shi Pan layout for details! $XAU
#XAUUSD
Overnight, the gold price rose to around 4381 and then faced pressure and pulled back. During the Asian session, price entered a high-range consolidation to repair. On shorter cycles, bullish momentum has shown some weakening. Treat the morning’s trading range as the focus—don’t chase. Risk control comes first.
From the 15-minute chart perspective, the MACD is running downward, and bullish momentum appears to be exhausted. The current price is around 4342. Resistance overhead is 4360–4380, with heavy resistance at 4400. Support in the short term is 4320, and the key line of defense is 4306. If 4306 is broken, the market may trigger a deeper pullback in the short term. If this support is held, the price is likely to maintain a high-range consolidation pattern.
Trading approach: pullbacks to buy are the primary strategy, while selling at higher levels is secondary. If price pulls back and stabilizes in the 4320–4306 zone, look to buy, with stops below 4300. Targets are 4360–4385. If price rebounds into 4380–4400 and becomes sluggish due to resistance, a small position short can be considered, with protection above 4405, aiming for a retest around 4320. Asian session volatility is relatively steady—strictly control position sizing and place stop-loss orders properly.
The above content is for market opinion sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng’s Shi Pan layout for details! $XAU
#XAUUSD
