Xingran 9.30 Morning Gold Market Analysis
1、In the early stage, the price has continued to range and move downward from the high point 4399. After a round of consecutive bearish candles, it tested the low at 4110.
2、After reaching the low of 4110, the market began to gradually turn bullish and rebound with rising lows, forming a bottom-repair candlestick pattern. The current price is 4182, already having moved a certain distance away from the lowest point.
3、The downward trend on the larger timeframe has not fully reversed yet; we are currently in an oversold rebound phase following a big drop.
Short-term support: 4160‑4140. The key defense below is the prior low at 4110.87. The first overhead resistance zone is around 4230‑4255.
At present, bullish candles are increasing gradually, and signs of bottom-buying support have appeared. However, there is still heavy overhead selling pressure, so we cannot directly confirm a full trend reversal into a major bull run yet.
Trading advice: Go long; set the stop-loss below 4110.87. The initial upside target is to look toward 4230, and further toward the resistance area near 4255.$XAU #英伟达批准1500亿美元回购 #BitMine以太坊持仓突破600万枚
1、In the early stage, the price has continued to range and move downward from the high point 4399. After a round of consecutive bearish candles, it tested the low at 4110.
2、After reaching the low of 4110, the market began to gradually turn bullish and rebound with rising lows, forming a bottom-repair candlestick pattern. The current price is 4182, already having moved a certain distance away from the lowest point.
3、The downward trend on the larger timeframe has not fully reversed yet; we are currently in an oversold rebound phase following a big drop.
Short-term support: 4160‑4140. The key defense below is the prior low at 4110.87. The first overhead resistance zone is around 4230‑4255.
At present, bullish candles are increasing gradually, and signs of bottom-buying support have appeared. However, there is still heavy overhead selling pressure, so we cannot directly confirm a full trend reversal into a major bull run yet.
Trading advice: Go long; set the stop-loss below 4110.87. The initial upside target is to look toward 4230, and further toward the resistance area near 4255.$XAU #英伟达批准1500亿美元回购 #BitMine以太坊持仓突破600万枚
