11.13 Friday Xuwen $XAU strategy
Market: Current price 3906.8. After plunging from 4135 to 3860.7, it rebounded from oversold conditions. It surged to 3958.4 and then pulled back on the 15-minute chart, with moving-average resistance at 3911–3915. The medium-term downtrend remains intact; the short-term move is a technical rebound.
Liquidation levels: The green liquidation zone above at 3951 is the first resistance; 3979.9 is the 24-hour high. Below, the yellow zone at 3889 and strong support at 3830.
News and fund flows: Core inflation came in higher than expected, while Fed officials Daly and Hammack struck a hawkish tone. A stronger dollar and Treasury market are weighing on gold, and the probability of a December rate cut has fallen below 50%. SPDR slightly reduced its holdings by 1.14 tons, as institutions trimmed positions during the short-term rebound.
Trading strategy:
XAU: Sell into resistance on a rebound to 3930–3950; stop-loss above 3965; target 3890. If that level breaks, look to 3860; on a second breakdown, look to 3830.
Rationale: Downtrend + rate-hike expectations + resistance from the liquidation zone; sell the rebound, with a risk-reward ratio of 1:2+. Exit at a loss if price holds above 3,965.
$XAU #加密美股齐跌，下轮反弹的驱动力在哪？
Market: Current price 3906.8. After plunging from 4135 to 3860.7, it rebounded from oversold conditions. It surged to 3958.4 and then pulled back on the 15-minute chart, with moving-average resistance at 3911–3915. The medium-term downtrend remains intact; the short-term move is a technical rebound.
Liquidation levels: The green liquidation zone above at 3951 is the first resistance; 3979.9 is the 24-hour high. Below, the yellow zone at 3889 and strong support at 3830.
News and fund flows: Core inflation came in higher than expected, while Fed officials Daly and Hammack struck a hawkish tone. A stronger dollar and Treasury market are weighing on gold, and the probability of a December rate cut has fallen below 50%. SPDR slightly reduced its holdings by 1.14 tons, as institutions trimmed positions during the short-term rebound.
Trading strategy:
XAU: Sell into resistance on a rebound to 3930–3950; stop-loss above 3965; target 3890. If that level breaks, look to 3860; on a second breakdown, look to 3830.
Rationale: Downtrend + rate-hike expectations + resistance from the liquidation zone; sell the rebound, with a risk-reward ratio of 1:2+. Exit at a loss if price holds above 3,965.
$XAU #加密美股齐跌，下轮反弹的驱动力在哪？
