September 23 Spot Gold Evening Analysis
The market has been drifting and moving downward, with short-term bearish sentiment being released. However, the pace of the decline has slowed, so there is no need to blindly follow the trend to go short—take a rational view of a technical pullback.
Technically, looking at the intraday chart, the overall price action has formed a downward, slow grind. The overhead high-point resistance has been gradually shifting lower. The 1-hour candlesticks have closed in the red consecutively, the MACD green histogram has shrunk somewhat, and the downside momentum is weakening. In the short term, there may be a need for a corrective rebound. The larger time-frame structure has not fully deteriorated; it is still appropriate to respond with a “pull back to go long” mindset.
For tonight’s trading, the main strategy remains buying on pullbacks. If price retreats and stabilizes in the 4300–4285 support zone, long positions can be considered, with upside targets at 4325 and 4350.
If 4285 is broken down decisively, wait for 4265 support to stabilize before taking longs in line with the trend. As the night session approaches, uncertainties increase—manage risk carefully, don’t rush to bottom-pick early. Wait for support confirmation before entering.
The above content is for technical discussion and sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng Shi Pan’s arrangement for the specifics!$XAU
#XAUUSD
The market has been drifting and moving downward, with short-term bearish sentiment being released. However, the pace of the decline has slowed, so there is no need to blindly follow the trend to go short—take a rational view of a technical pullback.
Technically, looking at the intraday chart, the overall price action has formed a downward, slow grind. The overhead high-point resistance has been gradually shifting lower. The 1-hour candlesticks have closed in the red consecutively, the MACD green histogram has shrunk somewhat, and the downside momentum is weakening. In the short term, there may be a need for a corrective rebound. The larger time-frame structure has not fully deteriorated; it is still appropriate to respond with a “pull back to go long” mindset.
For tonight’s trading, the main strategy remains buying on pullbacks. If price retreats and stabilizes in the 4300–4285 support zone, long positions can be considered, with upside targets at 4325 and 4350.
If 4285 is broken down decisively, wait for 4265 support to stabilize before taking longs in line with the trend. As the night session approaches, uncertainties increase—manage risk carefully, don’t rush to bottom-pick early. Wait for support confirmation before entering.
The above content is for technical discussion and sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng Shi Pan’s arrangement for the specifics!$XAU
#XAUUSD
