9.21 Gold Intraday Summary
Gold moved into a choppy range after attempting to rally higher and then facing pressure. In the morning, it surged up to the 4383 resistance zone, but the bulls lacked the strength to continue pushing higher. Afterwards, the market entered a sideways pullback and declined as expected, completing a rally-then-fall pattern.
Earlier, we provided a bearish idea for the rebound: enter short at 4383. As price moved down to 4346, we captured 37 points of profit. Then, after the pullback reached the 4341 support area, we took a long position again, and when price reached 4350, the stop was protected, securing 9 points of upside. Long and short calls were both handled during the day, with the full plan delivered in rhythm.
Gold moved into a choppy range after attempting to rally higher and then facing pressure. In the morning, it surged up to the 4383 resistance zone, but the bulls lacked the strength to continue pushing higher. Afterwards, the market entered a sideways pullback and declined as expected, completing a rally-then-fall pattern.
Earlier, we provided a bearish idea for the rebound: enter short at 4383. As price moved down to 4346, we captured 37 points of profit. Then, after the pullback reached the 4341 support area, we took a long position again, and when price reached 4350, the stop was protected, securing 9 points of upside. Long and short calls were both handled during the day, with the full plan delivered in rhythm.