9.28 Man Gold Evening Outlook: Gold sees a sharp one-day plunge of over 3%, and the bearish trend is fully established!
In the intraday spot gold market, after rising to a high of 4280.35, price moved in a one-way decline. Bearish momentum continued to build, breaking through multiple key support levels in succession. The low reached 4140.67, with an intraday drop of 3.11%. Afterwards, price stopped falling near the lows and stabilized, showing a technical oversold rebound. The current quote is 4151.96, with narrow-range consolidation around the 4150 area. Overall, the rebound momentum remains weak.
On the 4-hour timeframe, the market shows a broken-down bearish downward structure, with consecutive large bearish candles piercing the previous consolidation range. Price is trading near the lower Bollinger Band, and short-term moving averages have formed a complete bearish alignment. The main resistance overhead is in the 4175–4185 zone. The key support below is around 4140. Overall, the bearish trend is established, and after a correction, the downside is likely to continue.
Trading reference: If price rebounds to the 4160–4180 range, consider placing sell orders in batches. Targets are to be watched sequentially at 4130 and 4110.
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In the intraday spot gold market, after rising to a high of 4280.35, price moved in a one-way decline. Bearish momentum continued to build, breaking through multiple key support levels in succession. The low reached 4140.67, with an intraday drop of 3.11%. Afterwards, price stopped falling near the lows and stabilized, showing a technical oversold rebound. The current quote is 4151.96, with narrow-range consolidation around the 4150 area. Overall, the rebound momentum remains weak.
On the 4-hour timeframe, the market shows a broken-down bearish downward structure, with consecutive large bearish candles piercing the previous consolidation range. Price is trading near the lower Bollinger Band, and short-term moving averages have formed a complete bearish alignment. The main resistance overhead is in the 4175–4185 zone. The key support below is around 4140. Overall, the bearish trend is established, and after a correction, the downside is likely to continue.
Trading reference: If price rebounds to the 4160–4180 range, consider placing sell orders in batches. Targets are to be watched sequentially at 4130 and 4110.
#黄金 $BTC $ETH
