9.24 Gold Morning Market Analysis
Yesterday, gold prices surged and met resistance, breaking out of the trading range. The market’s focus continued to shift downward, and bearish momentum was gradually released.
On the hourly chart, the MACD is below the zero line. The green bars keep expanding, and bears remain in control. The candlesticks are capped by the short-term moving averages; rebound momentum is insufficient, so the short-term trend stays weak.
Trading Recommendations
If price rebounds into the 4300-4320 resistance zone and stalls, consider shorting at an appropriate time. Targets: 4275 → 4250 → 4220.
Yesterday, gold prices surged and met resistance, breaking out of the trading range. The market’s focus continued to shift downward, and bearish momentum was gradually released.
On the hourly chart, the MACD is below the zero line. The green bars keep expanding, and bears remain in control. The candlesticks are capped by the short-term moving averages; rebound momentum is insufficient, so the short-term trend stays weak.
Trading Recommendations
If price rebounds into the 4300-4320 resistance zone and stalls, consider shorting at an appropriate time. Targets: 4275 → 4250 → 4220.