9.28 Gold Morning Brief
Current gold price: 4262.56. Overnight it surged to a high then pulled back as bearish momentum took over. The price is under pressure and moving downward, and the overall trend remains consistent with our earlier outlook.
Technical analysis: The 1-hour Bollinger Bands are opening downward. After the gold price broke below the middle band, it is trading in the lower-middle region; bearish energy has strengthened. The 30-minute Bollinger Bands are diverging downward in parallel. Price is approaching the lower band, and the short-term trend is weak. The larger timeframe has shifted to a bearish bias.
Resistance: 4278 and 4292.
Support: 4254 and 4243.
Coco’s suggestion: Prefer selling on rebounds at higher levels. Do not blindly bottom-fish. Sell in the 4275–4295 rebound range, targeting 4255 and 4235. Participate with light position sizing and strictly set a stop-loss.
Note: The above is my personal opinion only and does not constitute investment advice.#黃金
Current gold price: 4262.56. Overnight it surged to a high then pulled back as bearish momentum took over. The price is under pressure and moving downward, and the overall trend remains consistent with our earlier outlook.
Technical analysis: The 1-hour Bollinger Bands are opening downward. After the gold price broke below the middle band, it is trading in the lower-middle region; bearish energy has strengthened. The 30-minute Bollinger Bands are diverging downward in parallel. Price is approaching the lower band, and the short-term trend is weak. The larger timeframe has shifted to a bearish bias.
Resistance: 4278 and 4292.
Support: 4254 and 4243.
Coco’s suggestion: Prefer selling on rebounds at higher levels. Do not blindly bottom-fish. Sell in the 4275–4295 rebound range, targeting 4255 and 4235. Participate with light position sizing and strictly set a stop-loss.
Note: The above is my personal opinion only and does not constitute investment advice.#黃金
