9.23 gold early review
In the midnight review, the range-bound consolidation strategy was perfectly realized. The key support levels were effectively held. The gold price repaired upward and rebounded as expected. Both the trend and price levels were fully predicted. The current gold price is around 4365.
Technical analysis: The 1-hour Bollinger Bands are opening upward. The price has stabilized above the middle band, and rebound momentum continues to release. The 30-minute Bollinger Bands are also opening upward in sync; the price is rising steadily. In the morning, the market clearly favors a strong rebound within the range.
Resistance above: 4378, 4392.
Support below: 4345, 4332.
Coco’s suggestion: In the morning, focus on buying on pullbacks; do not chase highs blindly. Go long in the 4335–4355 range on pullbacks, targeting 4370 and 4400. Participate with light position sizing and set a strict stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice. $XAU
In the midnight review, the range-bound consolidation strategy was perfectly realized. The key support levels were effectively held. The gold price repaired upward and rebounded as expected. Both the trend and price levels were fully predicted. The current gold price is around 4365.
Technical analysis: The 1-hour Bollinger Bands are opening upward. The price has stabilized above the middle band, and rebound momentum continues to release. The 30-minute Bollinger Bands are also opening upward in sync; the price is rising steadily. In the morning, the market clearly favors a strong rebound within the range.
Resistance above: 4378, 4392.
Support below: 4345, 4332.
Coco’s suggestion: In the morning, focus on buying on pullbacks; do not chase highs blindly. Go long in the 4335–4355 range on pullbacks, targeting 4370 and 4400. Participate with light position sizing and set a strict stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice. $XAU
