9.24 Gold Morning Strategy
Overnight, the gold price continued to fall and bottom out. After dipping to around 4283, it stabilized and rebounded. Current gold price is hovering near 4290, which is a short-term oversold rebound after a sharp drop. From the 4-hour perspective, after the decline, there are signs of a bottoming out. For today’s outlook, priority should be given to positioning for a dip.
To open up room for an upside rebound, the first key level is 4294. Only if the price holds above this level can the rebound extend further. On the upside, focus sequentially on the target areas of 4300, 4319, and 4336.
If the bulls lack momentum and are unable to break above the 4294 resistance for a long time, the market will likely enter another adjustment phase. The first support below is 4283, with stronger support at 4264. If 4264 is broken decisively, the gold price will retreat back into the lower-range zone, with downside targets at 4255–4232.
If the 4232 support is also lost, it indicates that this leg of the downtrend has not ended. The subsequent downside targets will continue to focus on 4215 and 4198.
✅ Trading Ideas
Pull back to the 4283–4290 support zone to confirm stabilization, and prioritize setting up low-buys. For the short-term rebound, targets are 4294 and 4300;
If the price successfully holds above 4294, then consider adding to the position in line with the rebound, continuing to look toward 4300 and 4319.
⚠️ Market volatility is high. Before entering, be sure to set protective measures. In a range-bound rebound, avoid chasing after price rises. The market commentary and sharing are only for technical review, and do not constitute any investment advice
#黄金
Overnight, the gold price continued to fall and bottom out. After dipping to around 4283, it stabilized and rebounded. Current gold price is hovering near 4290, which is a short-term oversold rebound after a sharp drop. From the 4-hour perspective, after the decline, there are signs of a bottoming out. For today’s outlook, priority should be given to positioning for a dip.
To open up room for an upside rebound, the first key level is 4294. Only if the price holds above this level can the rebound extend further. On the upside, focus sequentially on the target areas of 4300, 4319, and 4336.
If the bulls lack momentum and are unable to break above the 4294 resistance for a long time, the market will likely enter another adjustment phase. The first support below is 4283, with stronger support at 4264. If 4264 is broken decisively, the gold price will retreat back into the lower-range zone, with downside targets at 4255–4232.
If the 4232 support is also lost, it indicates that this leg of the downtrend has not ended. The subsequent downside targets will continue to focus on 4215 and 4198.
✅ Trading Ideas
Pull back to the 4283–4290 support zone to confirm stabilization, and prioritize setting up low-buys. For the short-term rebound, targets are 4294 and 4300;
If the price successfully holds above 4294, then consider adding to the position in line with the rebound, continuing to look toward 4300 and 4319.
⚠️ Market volatility is high. Before entering, be sure to set protective measures. In a range-bound rebound, avoid chasing after price rises. The market commentary and sharing are only for technical review, and do not constitute any investment advice
#黄金