9.24 Gold Customer Morning Report: 4274 Gold Pit Confirmed! After Being Oversold, Bulls Sound the Counterattack Signal
Gold price began a one-way decline from the 4371 swing high. Persistent bearish pressure drove the price lower, with the intraday low probing down to 4274, the phase low. As the concentrated selling pressure was fully released, bargain-hunting funds gradually entered and took over. After gold stopped falling, it consolidated and then rebounded.
Although market debate over the timing of Fed rate cuts is still ongoing, after the U.S. dollar index kept surging higher, its momentum has shown signs of fatigue. With limited upside room for U.S. Treasury yields, pressure on the priced end has eased at the margin.
On a 15-minute timeframe, the price launched a rebound from the BOLL lower-band area. The opening—previously diverging downward—has gradually narrowed and leveled off, while bearish momentum continues to weaken. The price has moved back above the short-term moving averages, and suppressive force has reduced; a technical-repair rally is now underway.
Buy on pullbacks in the 4270–4290 range, targeting 4320 and 4340.
$XAU $AKE #黄金
Gold price began a one-way decline from the 4371 swing high. Persistent bearish pressure drove the price lower, with the intraday low probing down to 4274, the phase low. As the concentrated selling pressure was fully released, bargain-hunting funds gradually entered and took over. After gold stopped falling, it consolidated and then rebounded.
Although market debate over the timing of Fed rate cuts is still ongoing, after the U.S. dollar index kept surging higher, its momentum has shown signs of fatigue. With limited upside room for U.S. Treasury yields, pressure on the priced end has eased at the margin.
On a 15-minute timeframe, the price launched a rebound from the BOLL lower-band area. The opening—previously diverging downward—has gradually narrowed and leveled off, while bearish momentum continues to weaken. The price has moved back above the short-term moving averages, and suppressive force has reduced; a technical-repair rally is now underway.
Buy on pullbacks in the 4270–4290 range, targeting 4320 and 4340.
$XAU $AKE #黄金
