9.22 Gold Outlook Analysis
Yesterday, gold was pressured and moved down, dipping to the 4322 low to complete a pullback. After the bearish momentum was released, the price action formed a bottoming-and-rebound structure. The earlier decline did not continue.
On the 1-hour timeframe, short-term bulls have completed a repair. However, price is directly facing resistance at 4380. The rebound is not one-way strong; after pushing higher, there is a possibility of a pullback and shakeout. Overall, this still looks like a rebound repair within a large-ranging market. A clear, one-directional move has not yet formed.
Trading suggestion: go long/hold long in the 4320-4340 zone, keep stops below 4310. Targets: 4380-4400 (sell/short on resistance pressure).
(Individual opinion for reference only—everything should be based on the live chart.)#XAU $XAU
Yesterday, gold was pressured and moved down, dipping to the 4322 low to complete a pullback. After the bearish momentum was released, the price action formed a bottoming-and-rebound structure. The earlier decline did not continue.
On the 1-hour timeframe, short-term bulls have completed a repair. However, price is directly facing resistance at 4380. The rebound is not one-way strong; after pushing higher, there is a possibility of a pullback and shakeout. Overall, this still looks like a rebound repair within a large-ranging market. A clear, one-directional move has not yet formed.
Trading suggestion: go long/hold long in the 4320-4340 zone, keep stops below 4310. Targets: 4380-4400 (sell/short on resistance pressure).
(Individual opinion for reference only—everything should be based on the live chart.)#XAU $XAU
