9.25 gold evening recap
The mid-day report identified the pressure range and it worked effectively. After the price was pressured, it briefly pulled back; then the bulls stepped in and pushed upward. The key support level was held, and the current gold price is around 4302.
Technical analysis: In the 1-hour Bollinger Bands, the bands are opening upward. The price has settled above the upper band, and bullish momentum has been released quickly. In the 30-minute Bollinger Bands, the bands are opening upward in sync, with price continuing to rise, and the evening confirms a mildly strong rebound direction.
Resistance: 4316, 4330.
Support: 4285, 4270.
Koko’s suggestion: In the evening, focus mainly on going long on pullbacks. Do not chase price blindly. Buy in the 4280–4300 range, with targets at 4315 and 4335. Participate with small position size and keep a strict stop-loss.
Note: The above is only my personal view and does not constitute investment advice.#黃金
The mid-day report identified the pressure range and it worked effectively. After the price was pressured, it briefly pulled back; then the bulls stepped in and pushed upward. The key support level was held, and the current gold price is around 4302.
Technical analysis: In the 1-hour Bollinger Bands, the bands are opening upward. The price has settled above the upper band, and bullish momentum has been released quickly. In the 30-minute Bollinger Bands, the bands are opening upward in sync, with price continuing to rise, and the evening confirms a mildly strong rebound direction.
Resistance: 4316, 4330.
Support: 4285, 4270.
Koko’s suggestion: In the evening, focus mainly on going long on pullbacks. Do not chase price blindly. Buy in the 4280–4300 range, with targets at 4315 and 4335. Participate with small position size and keep a strict stop-loss.
Note: The above is only my personal view and does not constitute investment advice.#黃金
