9.18 Gold Evening Trading Strategy
Market Analysis
In the evening, gold prices surged and then pulled back. After encountering resistance at the prior high of 4399, price quickly dropped, with the low reaching around 4373. It is currently consolidating and repairing near the Bollinger Band midline. The 5-minute MACD is below the zero line; the two lines are intertwined, and the game between bulls and bears is intensifying. In the short term, this is a consolidation period following a decline.
There is clear resistance overhead. On rebounds, prioritize a high-sell/short-biased approach rather than blindly trying to catch the bottom.
Fundamentals
The upward momentum driven by geopolitical safe-haven demand has been somewhat digested. The market is now waiting for remarks from Fed officials; changes in rate-cut expectations are influencing fluctuations in the U.S. dollar and U.S. Treasury yields. There is no major data release tonight. Price action will rely more on technical factors, so the probability of choppy, back-and-forth movement is relatively high. News can disrupt gold prices at any time.
Trading Plan
On rebounds, place short orders in the 4380–4390 zone.
First target: 4365
Second target: 4350
$XAU #黄金
Market Analysis
In the evening, gold prices surged and then pulled back. After encountering resistance at the prior high of 4399, price quickly dropped, with the low reaching around 4373. It is currently consolidating and repairing near the Bollinger Band midline. The 5-minute MACD is below the zero line; the two lines are intertwined, and the game between bulls and bears is intensifying. In the short term, this is a consolidation period following a decline.
There is clear resistance overhead. On rebounds, prioritize a high-sell/short-biased approach rather than blindly trying to catch the bottom.
Fundamentals
The upward momentum driven by geopolitical safe-haven demand has been somewhat digested. The market is now waiting for remarks from Fed officials; changes in rate-cut expectations are influencing fluctuations in the U.S. dollar and U.S. Treasury yields. There is no major data release tonight. Price action will rely more on technical factors, so the probability of choppy, back-and-forth movement is relatively high. News can disrupt gold prices at any time.
Trading Plan
On rebounds, place short orders in the 4380–4390 zone.
First target: 4365
Second target: 4350
$XAU #黄金
