9.25 Friday Man Gold Morning Analysis:
Yesterday, the Fed released a hawkish signal, and coupled with geopolitical factors, gold continued its downward trend. The broader environment of the rate-hike cycle has not changed; at present, there is no clear reversal signal in the market, so it is not advisable to blindly bottom-pick.
In the short-term trend, the swing highs are gradually moving lower and the downtrend is clear. What we see now is only a corrective rebound after the decline, and it has not formed a reversal structure. The broader cycle remains bearish. In terms of key levels, near-term resistance to watch is the 4300 mark, with a stronger resistance around the 4330 area. On the downside, the core support is the 4244 prior low.
On the 4-hour timeframe, the larger downward structure is intact. The current mild rebound is merely consolidation during the ongoing sell-off, and there is yet to be a clear stop-the-fall signal. For intraday trading, the primary approach is to look for selling on rallies.
Trading reference: Sell if price rebounds into the 4295–4315 zone, with downside targets at 4260–4240.
#黄金 $BTC $ETH
Yesterday, the Fed released a hawkish signal, and coupled with geopolitical factors, gold continued its downward trend. The broader environment of the rate-hike cycle has not changed; at present, there is no clear reversal signal in the market, so it is not advisable to blindly bottom-pick.
In the short-term trend, the swing highs are gradually moving lower and the downtrend is clear. What we see now is only a corrective rebound after the decline, and it has not formed a reversal structure. The broader cycle remains bearish. In terms of key levels, near-term resistance to watch is the 4300 mark, with a stronger resistance around the 4330 area. On the downside, the core support is the 4244 prior low.
On the 4-hour timeframe, the larger downward structure is intact. The current mild rebound is merely consolidation during the ongoing sell-off, and there is yet to be a clear stop-the-fall signal. For intraday trading, the primary approach is to look for selling on rallies.
Trading reference: Sell if price rebounds into the 4295–4315 zone, with downside targets at 4260–4240.
#黄金 $BTC $ETH
