9.25 Chen Jie Morning Analysis
Today, focus on U.S. durable goods orders and the final reading of consumer confidence. Official reserves remain solid (+20.22 tons). In the early session, there is weak consolidation between 4264–4279, and current trading is around 4267. On Friday’s close, gains were influenced by both profit-taking after 获莉 and a risk-aversion wait-and-see sentiment. Intraday action is mainly characterized by the approach of going short on rallies under resistance, confirming the mid-band rejection and pressing down to firmly build a new base.
The 15-minute Bollinger upper band is suppressed at 4276; the 1-hour Bollinger upper band is at 4287. Yesterday’s multiple rebounds breaking through the neckline and the 4-hour Bollinger mid-band (4306) form a very strong upper bearish resistance zone.
The 1-hour Bollinger lower band points to 4250; the 4-hour Bollinger lower band is at 4239. Yesterday’s intraday low of 4244 and last week’s major bottom at 4235 form a solid bullish buffer zone.
Trading Strategy
Place orders near 4290–4300 for 波段 short, targeting 4260–4230–4200, with a stop-loss at 4309.
Place orders near 4240–4250 for 哆, targeting 4280–4310–4340, with a stop-loss at 4226#xau $XAU
Today, focus on U.S. durable goods orders and the final reading of consumer confidence. Official reserves remain solid (+20.22 tons). In the early session, there is weak consolidation between 4264–4279, and current trading is around 4267. On Friday’s close, gains were influenced by both profit-taking after 获莉 and a risk-aversion wait-and-see sentiment. Intraday action is mainly characterized by the approach of going short on rallies under resistance, confirming the mid-band rejection and pressing down to firmly build a new base.
The 15-minute Bollinger upper band is suppressed at 4276; the 1-hour Bollinger upper band is at 4287. Yesterday’s multiple rebounds breaking through the neckline and the 4-hour Bollinger mid-band (4306) form a very strong upper bearish resistance zone.
The 1-hour Bollinger lower band points to 4250; the 4-hour Bollinger lower band is at 4239. Yesterday’s intraday low of 4244 and last week’s major bottom at 4235 form a solid bullish buffer zone.
Trading Strategy
Place orders near 4290–4300 for 波段 short, targeting 4260–4230–4200, with a stop-loss at 4309.
Place orders near 4240–4250 for 哆, targeting 4280–4310–4340, with a stop-loss at 4226#xau $XAU
