September 22nd Spot Gold Morning Analysis
In trading, the most taboo thing is chasing breakouts and killing trades. Understand support and resistance, and stick to your own rhythm—only then can you deal calmly with the market’s back-and-forth disturbances.
Overnight, the gold price pulled back to the 4322 support, stabilized, and then launched a strong rebound, surging up to around 4376. Bullish momentum was released.
This morning’s market has shifted into short-term consolidation and range trading. From a purely technical perspective, the upward structure remains intact. Downside: 4350 is the short-term support; 4330 is the key defensive level. On the upside, first watch the 4380 resistance for a ceiling effect. Only after holding above it is there further room for upside. The short-term market is consolidating and building energy.
For intraday operations, the idea remains: buy on pullbacks as the primary approach. Wait for price to fall back into the 4350–4330 zone and stabilize there, then set up long positions. Upside targets to watch are 4380; after a breakout, you may look toward the 4400 level. During the Asian session, price movement is relatively steady—there’s no need to rush to enter. Be patient and wait for price confirmation, and manage position risk appropriately.
The above content is for technical exchange and sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng Shiqian’s arrangement for details!#XAUUSD $XAU
In trading, the most taboo thing is chasing breakouts and killing trades. Understand support and resistance, and stick to your own rhythm—only then can you deal calmly with the market’s back-and-forth disturbances.
Overnight, the gold price pulled back to the 4322 support, stabilized, and then launched a strong rebound, surging up to around 4376. Bullish momentum was released.
This morning’s market has shifted into short-term consolidation and range trading. From a purely technical perspective, the upward structure remains intact. Downside: 4350 is the short-term support; 4330 is the key defensive level. On the upside, first watch the 4380 resistance for a ceiling effect. Only after holding above it is there further room for upside. The short-term market is consolidating and building energy.
For intraday operations, the idea remains: buy on pullbacks as the primary approach. Wait for price to fall back into the 4350–4330 zone and stabilize there, then set up long positions. Upside targets to watch are 4380; after a breakout, you may look toward the 4400 level. During the Asian session, price movement is relatively steady—there’s no need to rush to enter. Be patient and wait for price confirmation, and manage position risk appropriately.
The above content is for technical exchange and sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng Shiqian’s arrangement for details!#XAUUSD $XAU
