Xingran October 6 Morning Gold 4-Hour Market Analysis
On the 4-hour chart, price has moved unevenly lower from a high of 4347. After bottoming at 4110, it staged a modest rebound. The rebound reached 4169 before meeting resistance from the moving averages and pulling back. Current price: 4138. Short-term rebound momentum is weak, and the bearish alignment of the moving averages is weighing on price. The broader downtrend has not reversed.
Resistance: 4169; major resistance: 4229; support: 4110
Trade direction: Sell on a rebound
Entry: Enter a short position if price rebounds into the 4165‑4170 range
Stop loss: Above 4169; if price holds above this level, the bearish outlook is invalidated
Target: First target 4110$XAU #比特币现货ETF三季度净流入63.4亿美元
On the 4-hour chart, price has moved unevenly lower from a high of 4347. After bottoming at 4110, it staged a modest rebound. The rebound reached 4169 before meeting resistance from the moving averages and pulling back. Current price: 4138. Short-term rebound momentum is weak, and the bearish alignment of the moving averages is weighing on price. The broader downtrend has not reversed.
Resistance: 4169; major resistance: 4229; support: 4110
Trade direction: Sell on a rebound
Entry: Enter a short position if price rebounds into the 4165‑4170 range
Stop loss: Above 4169; if price holds above this level, the bearish outlook is invalidated
Target: First target 4110$XAU #比特币现货ETF三季度净流入63.4亿美元
