9.22 Gold 投金 客 Gold Midday Review: 60-point rapid drop creates a gold pit! 15-minute oversold stabilizes
After facing resistance near its 4376 intra-day high, gold quickly plunged. The concentrated release of bearish power drove the price down by more than 60 points in the short term, with an intraday low of 4315. As selling pressure was rapidly exhausted, the downward move gradually narrowed, and price stopped falling and traded sideways at lower levels.
The market’s core expectation for the Fed cutting rates within the year has not fundamentally shifted. The USD index’s short-term rebound is largely a technical correction, lacking sustained upside fundamental momentum. Likewise, yields on U.S. Treasuries have limited room to rise and are unlikely to exert long-term pressure on gold prices.
On the 15-minute level, gold once broke below the BOLL lower band. The short-term deviation from the moving averages has been too large, and technically there is a strong need for a mean-reversion repair. In addition, as the sell-off accelerated, bearish momentum was concentrated and released; the force behind further downside has clearly weakened.
Look to buy on a pullback in the 4300–4320 range, with targets at 4350 and 4370.
$XAU $AKE #黄金
After facing resistance near its 4376 intra-day high, gold quickly plunged. The concentrated release of bearish power drove the price down by more than 60 points in the short term, with an intraday low of 4315. As selling pressure was rapidly exhausted, the downward move gradually narrowed, and price stopped falling and traded sideways at lower levels.
The market’s core expectation for the Fed cutting rates within the year has not fundamentally shifted. The USD index’s short-term rebound is largely a technical correction, lacking sustained upside fundamental momentum. Likewise, yields on U.S. Treasuries have limited room to rise and are unlikely to exert long-term pressure on gold prices.
On the 15-minute level, gold once broke below the BOLL lower band. The short-term deviation from the moving averages has been too large, and technically there is a strong need for a mean-reversion repair. In addition, as the sell-off accelerated, bearish momentum was concentrated and released; the force behind further downside has clearly weakened.
Look to buy on a pullback in the 4300–4320 range, with targets at 4350 and 4370.
$XAU $AKE #黄金
