10.22 Jinying Gold Midnight Review: Gold plunges 80 points on heavy volume, touching 4044—how should you navigate tonight’s bearish market?
Gold came under sustained pressure today, falling from a high of 4145. The market saw two heavy-volume sell-offs, with a low of 4044. Prices are currently consolidating near the session low around 4051. Bears held the upper hand throughout the day, while rebounds were weak. Earlier gains by bulls were largely erased, and the market followed a pattern of falling, making a small weak rebound, then breaking to new lows.
Technical outlook: On the 15-minute chart, the moving averages are bearishly aligned, with 4068 and 4107 acting as successive resistance levels. 4044 is a key intraday support. If it holds, a modest corrective rebound may follow, with initial resistance at 4068. If prices break decisively below 4044, there will be further room to fall.
Trading reference: Consider scaling into short positions if prices rebound to the 4060–4080 area. The downside target is 4030, with 4000 as the next target.
#黄金 $BTC $ETH
Gold came under sustained pressure today, falling from a high of 4145. The market saw two heavy-volume sell-offs, with a low of 4044. Prices are currently consolidating near the session low around 4051. Bears held the upper hand throughout the day, while rebounds were weak. Earlier gains by bulls were largely erased, and the market followed a pattern of falling, making a small weak rebound, then breaking to new lows.
Technical outlook: On the 15-minute chart, the moving averages are bearishly aligned, with 4068 and 4107 acting as successive resistance levels. 4044 is a key intraday support. If it holds, a modest corrective rebound may follow, with initial resistance at 4068. If prices break decisively below 4044, there will be further room to fall.
Trading reference: Consider scaling into short positions if prices rebound to the 4060–4080 area. The downside target is 4030, with 4000 as the next target.
#黄金 $BTC $ETH