9.21 Gold Midday Commentary
In the morning session, the pullback and low-buy strategy was anticipated in advance and proved accurate. The market, as expected, tested the support area below. Current gold price is around 4360.
Technical Outlook: 1-hour Bollinger Bands are opening downward. The price has fallen below the mid-band, indicating short-term weakness under pressure. The 30-minute Bollinger Bands are also opening downward in sync; price is testing the lower band support below. Short-term pullbacks have released momentum, but the larger timeframe overall still remains in a high-range consolidation pattern.
Resistance above: 4378, 4393. Support below: 4354, 4343.
Coco’s Recommendation: During midday, wait for the pullback to stabilize—prioritize low-buy setups rather than chasing shorts blindly. Buy in the 4335–4355 range, with targets at 4375 and 4390. Participate with light positions and strictly place a stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice. #黄金
In the morning session, the pullback and low-buy strategy was anticipated in advance and proved accurate. The market, as expected, tested the support area below. Current gold price is around 4360.
Technical Outlook: 1-hour Bollinger Bands are opening downward. The price has fallen below the mid-band, indicating short-term weakness under pressure. The 30-minute Bollinger Bands are also opening downward in sync; price is testing the lower band support below. Short-term pullbacks have released momentum, but the larger timeframe overall still remains in a high-range consolidation pattern.
Resistance above: 4378, 4393. Support below: 4354, 4343.
Coco’s Recommendation: During midday, wait for the pullback to stabilize—prioritize low-buy setups rather than chasing shorts blindly. Buy in the 4335–4355 range, with targets at 4375 and 4390. Participate with light positions and strictly place a stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice. #黄金
