9.18 gold evening review
The midday review’s pullback-and-buy approach was executed flawlessly today. The support levels worked precisely, and the gold price fluctuated while rising. The price action closely matched expectations. The current gold price is around 4375.
Technical analysis: 1-hour Bollinger Bands opening upward; price is trading above the middle band, with bullish momentum being released. The 30-minute Bollinger Bands are diverging upward; price is approaching the upper band. In the short term, the bulls are strong, and the bigger trend remains generally bullish.
Resistance above: 4399, 4410; supports below: 4352, 4338.
Coco’s suggestion: In the evening, continue with the pullback-and-go-long approach. Do not chase after a rise. Buy in the 4345–4365 range on dips, with targets at 4380 and 4400. Enter with light positions and strictly set a stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice. $XAU
The midday review’s pullback-and-buy approach was executed flawlessly today. The support levels worked precisely, and the gold price fluctuated while rising. The price action closely matched expectations. The current gold price is around 4375.
Technical analysis: 1-hour Bollinger Bands opening upward; price is trading above the middle band, with bullish momentum being released. The 30-minute Bollinger Bands are diverging upward; price is approaching the upper band. In the short term, the bulls are strong, and the bigger trend remains generally bullish.
Resistance above: 4399, 4410; supports below: 4352, 4338.
Coco’s suggestion: In the evening, continue with the pullback-and-go-long approach. Do not chase after a rise. Buy in the 4345–4365 range on dips, with targets at 4380 and 4400. Enter with light positions and strictly set a stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice. $XAU
