9, 29 Morning Market Outlook Analysis Strategy
From the one-hour perspective, there is a slight upward move in the price, and after the previous round of deep selling, the gold price has temporarily halted its decline and started a low-level, modest rebound for repair. The one-hour moving averages still maintain a downward排列 (descending order). The larger bearish structure has not reversed. At this stage, it is only a pause and consolidation after the drop.
The near-term resistance overhead is 4131–4140. The 10-day moving average is right in front of us, exerting pressure. Strong resistance is concentrated around 4150. On the downside, support is seen near 4110. The prior low at 4110.87 is the line dividing buyers and sellers; if support breaks, the bears will once again gain momentum and push out another new downward leg.
In terms of news, the market continues the lingering bearish momentum from the prior period. The rebound momentum in the short term is weak, so it is not recommended to chase longs directly. The market is in a low-range consolidation phase. Trade with a range mindset: prefer short positions on rebounds with resistance overhead first. Once support stabilizes, then consider a light position to test a rebound.
Recommendations
Short 4130–4150, target 4115–4100$XAU #黄金
From the one-hour perspective, there is a slight upward move in the price, and after the previous round of deep selling, the gold price has temporarily halted its decline and started a low-level, modest rebound for repair. The one-hour moving averages still maintain a downward排列 (descending order). The larger bearish structure has not reversed. At this stage, it is only a pause and consolidation after the drop.
The near-term resistance overhead is 4131–4140. The 10-day moving average is right in front of us, exerting pressure. Strong resistance is concentrated around 4150. On the downside, support is seen near 4110. The prior low at 4110.87 is the line dividing buyers and sellers; if support breaks, the bears will once again gain momentum and push out another new downward leg.
In terms of news, the market continues the lingering bearish momentum from the prior period. The rebound momentum in the short term is weak, so it is not recommended to chase longs directly. The market is in a low-range consolidation phase. Trade with a range mindset: prefer short positions on rebounds with resistance overhead first. Once support stabilizes, then consider a light position to test a rebound.
Recommendations
Short 4130–4150, target 4115–4100$XAU #黄金