9.23 Investment Client Midnight Gold Commentary: Single-Day Slump of 90 Points Breaks the Previous Low! Gold Bears Dominate the Market
Gold turned lower after the 4369 phase high, and the 15-minute timeframe showed a smooth, one-way downtrend. During the session, price repeatedly broke through multiple support levels. The low reached 4277, with a daily cumulative drop of more than 90 points.
Market expectations for a Fed rate cut have continued to cool. The U.S. Dollar Index remains strong and pressing on gold prices; meanwhile, risk-aversion sentiment has clearly eased. Safe-haven funds continue to flow out of precious-metal sectors. Heavy sell pressure from the bears has been concentrated and released, becoming the key force driving the gold decline.
From the 15-minute cycle perspective, price has continued to weaken along a downward channel. After breaking below the prior low, the bearish downside room has been opened further, and the short-term structure is clearly dominated by the bears.
Pull back to the 4250–4270 area to build long positions, with targets at 4300 and 4320.
$XAU $ZEC #黄金
Gold turned lower after the 4369 phase high, and the 15-minute timeframe showed a smooth, one-way downtrend. During the session, price repeatedly broke through multiple support levels. The low reached 4277, with a daily cumulative drop of more than 90 points.
Market expectations for a Fed rate cut have continued to cool. The U.S. Dollar Index remains strong and pressing on gold prices; meanwhile, risk-aversion sentiment has clearly eased. Safe-haven funds continue to flow out of precious-metal sectors. Heavy sell pressure from the bears has been concentrated and released, becoming the key force driving the gold decline.
From the 15-minute cycle perspective, price has continued to weaken along a downward channel. After breaking below the prior low, the bearish downside room has been opened further, and the short-term structure is clearly dominated by the bears.
Pull back to the 4250–4270 area to build long positions, with targets at 4300 and 4320.
$XAU $ZEC #黄金
