9.30 Jinman Gold Midday Review: Gold Prices Rebounded But Faced Pressure and Fell Back, With a Continued Range-Bound Trading Pattern!
Overnight, gold rebounded sharply from oversold conditions, surged to 4187.53 but met resistance and pulled back. During the day, it remained in a high-level range-bound consolidation, with ongoing tug-of-war between bulls and bears. Intraday, it dipped to a low of 4165.70, then quickly regained losses. It is currently consolidating narrowly around 4180.28. Overall, it is still in the technical correction phase following the prior sharp sell-off. The broader downtrend led by higher-timeframe bearish forces has not yet shown any substantive reversal.
Technically, on the 4-hour timeframe, the MACD histogram has continued expanding in the red, and the DIF line has turned upward to repair. However, price is still capped by the suppression from medium- to long-term moving averages. On the short cycle, price is in a high-level range, and the Bollinger Bands are gradually flattening. Bulls and bears repeatedly contest around the mid-band, and there is currently no clear directional bias in the short term. The key upside pressure lies in the 4185–4187 area, while the critical support is in the 4165–4170 range.
Trading Reference: On rebounds into the 4190–4210 zone, consider scaling in short positions; targets to watch are 4150 and 4120.
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Overnight, gold rebounded sharply from oversold conditions, surged to 4187.53 but met resistance and pulled back. During the day, it remained in a high-level range-bound consolidation, with ongoing tug-of-war between bulls and bears. Intraday, it dipped to a low of 4165.70, then quickly regained losses. It is currently consolidating narrowly around 4180.28. Overall, it is still in the technical correction phase following the prior sharp sell-off. The broader downtrend led by higher-timeframe bearish forces has not yet shown any substantive reversal.
Technically, on the 4-hour timeframe, the MACD histogram has continued expanding in the red, and the DIF line has turned upward to repair. However, price is still capped by the suppression from medium- to long-term moving averages. On the short cycle, price is in a high-level range, and the Bollinger Bands are gradually flattening. Bulls and bears repeatedly contest around the mid-band, and there is currently no clear directional bias in the short term. The key upside pressure lies in the 4185–4187 area, while the critical support is in the 4165–4170 range.
Trading Reference: On rebounds into the 4190–4210 zone, consider scaling in short positions; targets to watch are 4150 and 4120.
#黄金 $BTC $ETH
