10.15 Intraday Gold Trend Analysis: #XAU
Guys, are you following today's gold market? Sen has laid it all out for you 👇👇
After last night's CPI data came out, gold saw a sharp drop, hitting a low around 4073. Then buying interest gradually stepped in at lower levels, and prices began to recover and rebound. Since early this morning, prices have stayed around 4100.
This upswing is just a recovery after the sharp drop, not a trend reversal. Looking at the charts, prices have not made a new low since the plunge. The 15-minute candles have closed higher for several consecutive periods, so there is real short-term momentum behind the rebound. However, resistance overhead is clear: 4155 was where the sell-off began last night, and it is also a former high-volume trading zone. If prices rebound into this area, selling pressure from bears is likely to be concentrated there, making it the key resistance zone for this recovery.
For near-term support, watch the 4100 level. If prices can hold on a pullback, the rebound may have room to extend. But if prices decisively break below the low of 4073, it would signal the end of this recovery, and the downtrend would resume.
Trading ideas:
For a long position, watch for prices to pull back to 4100–4090 and stabilize before entering. First target: 4155.
For a short position, look for resistance around 4155, where the sell-off began. Target: 4080–4100.
Those are Sen's views on the market and some trading ideas, for reference only—not investment advice!!!
#9月CPI来袭原油美债走势如何 #比特币再次跌破8.3万美元 #美国9月CPI升至3.7% $BTC $XAU $SKHYNIX
Guys, are you following today's gold market? Sen has laid it all out for you 👇👇
After last night's CPI data came out, gold saw a sharp drop, hitting a low around 4073. Then buying interest gradually stepped in at lower levels, and prices began to recover and rebound. Since early this morning, prices have stayed around 4100.
This upswing is just a recovery after the sharp drop, not a trend reversal. Looking at the charts, prices have not made a new low since the plunge. The 15-minute candles have closed higher for several consecutive periods, so there is real short-term momentum behind the rebound. However, resistance overhead is clear: 4155 was where the sell-off began last night, and it is also a former high-volume trading zone. If prices rebound into this area, selling pressure from bears is likely to be concentrated there, making it the key resistance zone for this recovery.
For near-term support, watch the 4100 level. If prices can hold on a pullback, the rebound may have room to extend. But if prices decisively break below the low of 4073, it would signal the end of this recovery, and the downtrend would resume.
Trading ideas:
For a long position, watch for prices to pull back to 4100–4090 and stabilize before entering. First target: 4155.
For a short position, look for resistance around 4155, where the sell-off began. Target: 4080–4100.
Those are Sen's views on the market and some trading ideas, for reference only—not investment advice!!!
#9月CPI来袭原油美债走势如何 #比特币再次跌破8.3万美元 #美国9月CPI升至3.7% $BTC $XAU $SKHYNIX