9.23 Gold Midnight Report
The short side plan for the evening session was executed perfectly. The predicted resistance level held effective pressure; the gold price continued to fall, hitting fresh lows. The market rhythm and target levels were all realized accurately. The current gold price is around 4282.
Technical outlook: The 1-hour Bollinger Bands opened sharply downward; price is trading below the lower band, indicating that bearish momentum is being released in a concentrated manner. The 30-minute Bollinger Bands opened downward in sync; there is no sign of stabilization in the short term, and at midnight the market clearly maintains a weak downward trend.
Resistance overhead: 4298, 4312. Support below: 4275, 4260.
Coco’s suggestion: At midnight, still focus on trading in the direction of the trend—sell on rallies rather than catching bottoms. Short in the 4290–4310 range on a rebound, targeting 4270 and 4250. Participate with light position size and strictly set your stop-loss.
Note: The above are only personal views and do not constitute investment advice. $XAU
The short side plan for the evening session was executed perfectly. The predicted resistance level held effective pressure; the gold price continued to fall, hitting fresh lows. The market rhythm and target levels were all realized accurately. The current gold price is around 4282.
Technical outlook: The 1-hour Bollinger Bands opened sharply downward; price is trading below the lower band, indicating that bearish momentum is being released in a concentrated manner. The 30-minute Bollinger Bands opened downward in sync; there is no sign of stabilization in the short term, and at midnight the market clearly maintains a weak downward trend.
Resistance overhead: 4298, 4312. Support below: 4275, 4260.
Coco’s suggestion: At midnight, still focus on trading in the direction of the trend—sell on rallies rather than catching bottoms. Short in the 4290–4310 range on a rebound, targeting 4270 and 4250. Participate with light position size and strictly set your stop-loss.
Note: The above are only personal views and do not constitute investment advice. $XAU
