9.23 Gold Midday Report
The support zone given in the morning successfully reached as planned. After pushing higher, the price faced pressure and pulled back. The key support level was tested precisely, and the overall rhythm matched expectations. The current gold price is around 4330.
Technical analysis: In the 1-hour Bollinger Bands, the band turns downward. The gold price falls from the upper band back to the middle-to-lower band, and bullish momentum quickly fades. In the 30-minute Bollinger Bands, the bands open downward in sync; the price continues to probe lower, and by midday the direction is confirmed to shift to a sideways pullback.
Resistance above: 4348, 4360; Support below: 4315, 4300.
Keke’s suggestion: During midday, prioritize a rebound to look for shorts; don’t rush to bottom-fish. Enter in the 4340–4360 rebound range, targeting 4320 and 4300. Participate with a light position size and set a strict stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice.#黄金
The support zone given in the morning successfully reached as planned. After pushing higher, the price faced pressure and pulled back. The key support level was tested precisely, and the overall rhythm matched expectations. The current gold price is around 4330.
Technical analysis: In the 1-hour Bollinger Bands, the band turns downward. The gold price falls from the upper band back to the middle-to-lower band, and bullish momentum quickly fades. In the 30-minute Bollinger Bands, the bands open downward in sync; the price continues to probe lower, and by midday the direction is confirmed to shift to a sideways pullback.
Resistance above: 4348, 4360; Support below: 4315, 4300.
Keke’s suggestion: During midday, prioritize a rebound to look for shorts; don’t rush to bottom-fish. Enter in the 4340–4360 rebound range, targeting 4320 and 4300. Participate with a light position size and set a strict stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice.#黄金
