9.21 Gold Rush Customer Midnight Gold Review: Breakthrough and Dump Confirms Bearishness! Gold’s Bounce Is Only a Weak Correction
Within the day, after facing pressure at the 4383 phase high, gold entered a one-way decline. Bearish momentum kept releasing; the price continued to slide with choppy downward movement. During the session it accelerated into a drop, hitting a fresh low of 4322.69 at the 4322.69 phase. After that, heavy buying at low levels led to an oversold rebound.
Market expectations for the Fed’s rate cuts this year have continued to cool off. Combined with the U.S. Dollar Index stabilizing and rebounding, and Treasury yields resuming their uptrend, pressure on the gold-priced side has risen significantly. At the same time, global risk appetite has improved, and risk-off funds have continued to flow out of the precious metals sector.
On the 15-minute timeframe, price has consecutively broken below multiple short- and medium-term moving-average supports. The current rebound toward the moving averages met resistance and rolled over again. The moving-average system has shifted from support to a strong pressure zone, and the bearish positioning pattern has gradually become apparent.
Place sell orders for the rebound in the 4350–4370 range, targeting 4320 and 4300.
$XAU $AKE #黄金
Within the day, after facing pressure at the 4383 phase high, gold entered a one-way decline. Bearish momentum kept releasing; the price continued to slide with choppy downward movement. During the session it accelerated into a drop, hitting a fresh low of 4322.69 at the 4322.69 phase. After that, heavy buying at low levels led to an oversold rebound.
Market expectations for the Fed’s rate cuts this year have continued to cool off. Combined with the U.S. Dollar Index stabilizing and rebounding, and Treasury yields resuming their uptrend, pressure on the gold-priced side has risen significantly. At the same time, global risk appetite has improved, and risk-off funds have continued to flow out of the precious metals sector.
On the 15-minute timeframe, price has consecutively broken below multiple short- and medium-term moving-average supports. The current rebound toward the moving averages met resistance and rolled over again. The moving-average system has shifted from support to a strong pressure zone, and the bearish positioning pattern has gradually become apparent.
Place sell orders for the rebound in the 4350–4370 range, targeting 4320 and 4300.
$XAU $AKE #黄金
