9.18 Friday Golden Man Midnight Review:
From the 10-minute chart perspective, spot gold saw an intraday dip to the 4334.31 area low in the early session, then quickly surged as the bulls gathered strength to push the price higher in a one-way move. During the session, the high reached around 4399.60, approaching the 4400 psychological level, but then met resistance and fell sharply. The current quote is 4352.42. After pulling back notably from the high, short-term bullish momentum has weakened significantly, and the market has shifted into a pullback phase from higher levels.
Technically, on the 10-minute cycle, price previously relied on the short-term moving averages to keep rising; the Bollinger Bands opening once expanded upward. After the high was reached and the price reversed, the MACD bullish momentum quickly narrowed, and the market has entered a pullback correction trend in the short term. Key resistance overhead is focused at the 4380-4390 zone, while the main support below lies at 4335-4340.
Trading reference: On rallies to the 4360-4380 range, consider selling in batches, with targets gradually looking toward 4340 and then around 4320.
#黄金 $BTC $ETH
From the 10-minute chart perspective, spot gold saw an intraday dip to the 4334.31 area low in the early session, then quickly surged as the bulls gathered strength to push the price higher in a one-way move. During the session, the high reached around 4399.60, approaching the 4400 psychological level, but then met resistance and fell sharply. The current quote is 4352.42. After pulling back notably from the high, short-term bullish momentum has weakened significantly, and the market has shifted into a pullback phase from higher levels.
Technically, on the 10-minute cycle, price previously relied on the short-term moving averages to keep rising; the Bollinger Bands opening once expanded upward. After the high was reached and the price reversed, the MACD bullish momentum quickly narrowed, and the market has entered a pullback correction trend in the short term. Key resistance overhead is focused at the 4380-4390 zone, while the main support below lies at 4335-4340.
Trading reference: On rallies to the 4360-4380 range, consider selling in batches, with targets gradually looking toward 4340 and then around 4320.
#黄金 $BTC $ETH
