9, 29 evening market outlook analysis strategy
After stabilizing around the prior low of 4110.87, the gold price continued to rebound and rise. The 1-hour moving average has formed a turning point upward; in the short term, bullish momentum has been repaired and released. The market has shifted from low-range consolidation into a rebound-upward structure.
In the short term, overhead resistance lies at 4165–4178, which is the platform resistance formed during the prior down-move. Support in the short term is at 4141–4147; the 5-day and 10-hour moving averages have formed combined support here. The key defensive level is 4134, at the 20-day moving average area. If this pullback does not break, the rebound trend of this round remains intact.
Recommendation
Sell at 4175–4190, target 4150–4130 #黄金 $XAU
After stabilizing around the prior low of 4110.87, the gold price continued to rebound and rise. The 1-hour moving average has formed a turning point upward; in the short term, bullish momentum has been repaired and released. The market has shifted from low-range consolidation into a rebound-upward structure.
In the short term, overhead resistance lies at 4165–4178, which is the platform resistance formed during the prior down-move. Support in the short term is at 4141–4147; the 5-day and 10-hour moving averages have formed combined support here. The key defensive level is 4134, at the 20-day moving average area. If this pullback does not break, the rebound trend of this round remains intact.
Recommendation
Sell at 4175–4190, target 4150–4130 #黄金 $XAU