9.24 Gold Morning Commentary
Late yesterday, all short-selling ideas were fully realized: the target was successfully reached at the lower area. After gold dipped, it began a modest corrective rebound. The overall rhythm and key levels were forecast accurately. Current gold price is around 4286.
Technical Analysis: The 1-hour Bollinger Bands are narrowing toward the downside. Price has moved upward from the lower band back into the middle-lower band range, and the downward momentum has slowed. The 30-minute Bollinger Bands have narrowed and flattened, and the short term has entered a low-range consolidation and correction phase. The larger timeframe still maintains a bearish bias.
Resistance: 4298, 4310.
Support: 4274, 4262.
Keke’s Suggestion: In the early session, focus mainly on selling on rebounds rather than rushing to go long. Sell in the rebound range of 4295–4315, targeting 4270 and 4255. Participate with light position sizing and strictly use a stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice. #黄金
Late yesterday, all short-selling ideas were fully realized: the target was successfully reached at the lower area. After gold dipped, it began a modest corrective rebound. The overall rhythm and key levels were forecast accurately. Current gold price is around 4286.
Technical Analysis: The 1-hour Bollinger Bands are narrowing toward the downside. Price has moved upward from the lower band back into the middle-lower band range, and the downward momentum has slowed. The 30-minute Bollinger Bands have narrowed and flattened, and the short term has entered a low-range consolidation and correction phase. The larger timeframe still maintains a bearish bias.
Resistance: 4298, 4310.
Support: 4274, 4262.
Keke’s Suggestion: In the early session, focus mainly on selling on rebounds rather than rushing to go long. Sell in the rebound range of 4295–4315, targeting 4270 and 4255. Participate with light position sizing and strictly use a stop-loss.
Note: The above is only my personal opinion and does not constitute investment advice. #黄金
