This Week’s Gold Summary Along the Silk Road Routes:
This week, spot gold traded in a broad, range-bound pattern. The main driver was the Federal Reserve interest rate decision. After the decision was released midweek, gold prices plunged sharply, falling to the low of the 4235.24 level. Subsequently, as rate-cut expectations warmed up, the US dollar index weakened, and geopolitical risk-aversion sentiment intensified, gold rebounded in a “V” shape, reaching a high around 4399.60. By the weekend, profit-taking caused prices to pull back again. The weekly range exceeded 160 points. In the short cycle, longs and shorts switched frequently. Hangqing rotated quickly around key support and resistance levels.
On 9.15, we made two short entries, capturing declines of 37 and 35 points respectively. On 9.17 at midnight and 9.18 during the day, the short positions again yielded more than thirty points and 26 points🍐.
This week’s gold saw wide-range consolidation and frequent flips between long and short. We relied on key price levels for precise execution, and multiple entries and exits all played out as expected🍐. The way to do this is to stay steady and methodical. Next week, we will continue to strictly follow the tempo and seize opportunities with certainty.
#黄金 $BTC $ETH
This week, spot gold traded in a broad, range-bound pattern. The main driver was the Federal Reserve interest rate decision. After the decision was released midweek, gold prices plunged sharply, falling to the low of the 4235.24 level. Subsequently, as rate-cut expectations warmed up, the US dollar index weakened, and geopolitical risk-aversion sentiment intensified, gold rebounded in a “V” shape, reaching a high around 4399.60. By the weekend, profit-taking caused prices to pull back again. The weekly range exceeded 160 points. In the short cycle, longs and shorts switched frequently. Hangqing rotated quickly around key support and resistance levels.
On 9.15, we made two short entries, capturing declines of 37 and 35 points respectively. On 9.17 at midnight and 9.18 during the day, the short positions again yielded more than thirty points and 26 points🍐.
This week’s gold saw wide-range consolidation and frequent flips between long and short. We relied on key price levels for precise execution, and multiple entries and exits all played out as expected🍐. The way to do this is to stay steady and methodical. Next week, we will continue to strictly follow the tempo and seize opportunities with certainty.
#黄金 $BTC $ETH
