September 24 Morning Spot Gold Analysis
Overnight, gold prices fluctuated and fell. In the short term, bearish sentiment was released; the downward momentum is gradually slowing. Any pullback can be viewed as a healthy consolidation during an uptrend—there is no need to be overly bearish.
From a technical perspective, after a round of prolonged bearish decline, the 1-hour indicators have started to show repair. In the short term, there is room for a rebound. For downside support, watch 4280 and 4260. The strong support is at 4250. On the upside, first resistance to watch is 4310, with further suppression at 4335. The larger-scale upward structure has not yet been broken, so the overall approach remains to treat this as a low-buy opportunity.
For morning trading, the plan remains to focus on buying the pullback. If price retraces and stabilizes in the 4280–4260 range, you may set up long positions, with upside targets at 4310 and 4335. If prices probe lower further, wait for 4250 support to stabilize before taking another long. During the Asia session, price action is relatively steady and calm—do not enter aggressively too early. Wait for confirmation from support signals and manage risk by controlling position size.
The above content is for technical exchange and sharing only and does not constitute any investment advice. Please refer to the specific arrangement by Cheng Jingsheng Shipan! $XAU
#XAUUSD
Overnight, gold prices fluctuated and fell. In the short term, bearish sentiment was released; the downward momentum is gradually slowing. Any pullback can be viewed as a healthy consolidation during an uptrend—there is no need to be overly bearish.
From a technical perspective, after a round of prolonged bearish decline, the 1-hour indicators have started to show repair. In the short term, there is room for a rebound. For downside support, watch 4280 and 4260. The strong support is at 4250. On the upside, first resistance to watch is 4310, with further suppression at 4335. The larger-scale upward structure has not yet been broken, so the overall approach remains to treat this as a low-buy opportunity.
For morning trading, the plan remains to focus on buying the pullback. If price retraces and stabilizes in the 4280–4260 range, you may set up long positions, with upside targets at 4310 and 4335. If prices probe lower further, wait for 4250 support to stabilize before taking another long. During the Asia session, price action is relatively steady and calm—do not enter aggressively too early. Wait for confirmation from support signals and manage risk by controlling position size.
The above content is for technical exchange and sharing only and does not constitute any investment advice. Please refer to the specific arrangement by Cheng Jingsheng Shipan! $XAU
#XAUUSD
