9, 23 Morning Market Outlook: Analysis Strategy
From the one-hour perspective, there is mild intraday consolidation. After hitting a low in the early morning and rebounding, the market has entered a repair phase. On the one-hour timeframe, moving averages show a bullish alignment: the 5, 10, and 20-period MAs are all rising and supporting the price. Short-term bulls have the upper hand, but selling pressure from above is evident—there is currently no strong one-way rally.
The short-term resistance above is 4369–4376. The prior high at 4376.06 is the key strong resistance. The short-term support below is 4338, with the key defensive low at 4320. If price breaks below this level, the structure of this rebound will be damaged and room for a pullback will open.
Recommended
Long 320–4338, target 4375–4390 #黄金 $XAU
From the one-hour perspective, there is mild intraday consolidation. After hitting a low in the early morning and rebounding, the market has entered a repair phase. On the one-hour timeframe, moving averages show a bullish alignment: the 5, 10, and 20-period MAs are all rising and supporting the price. Short-term bulls have the upper hand, but selling pressure from above is evident—there is currently no strong one-way rally.
The short-term resistance above is 4369–4376. The prior high at 4376.06 is the key strong resistance. The short-term support below is 4338, with the key defensive low at 4320. If price breaks below this level, the structure of this rebound will be damaged and room for a pullback will open.
Recommended
Long 320–4338, target 4375–4390 #黄金 $XAU