2026.9.1 evening Hunters, this morning we talked quite clearly. Once 4395 breaks again, the probability of making a new low will increase noticeably. In the afternoon the lowest already hit 4364, which shows that the weakness we judged in the morning has basically played out. Now at this level, I actually don’t want to chase anymore. After a series of sell-offs, there may be a technical rebound anytime in the short term. My thinking is still bearish, but I’d rather wait for a rebound to confirm. On the upside, first look at 4395–4415. If a rebound returns to this zone and still can’t push back down the price, then the weak structure won’t have changed. On the downside, around 4360–4345; if it can’t hold, later it’s likely to continue looking for support near 4330. Only if price can reclaim above 4420 will the downward swing’s rhythm for today truly start to slow down. The above is an analysis of market structure and does not constitute trading instructions or a promise of returns. $XAU
2026.9.1 Hunters, after the sharp drop of 4396, gold is currently repairing sideways around 4440. But today I still lean toward a rebound—after being pressed, then pulling back—so for now I’m not looking to follow a new round of upside rally. Below 4415–4430 is a relatively comfortable observation zone for support; if you can hold, there is still room for repair. If it clearly breaks down, then you’ll need to guard again at 4395, or even lower. The first resistance area is 4460–4480; if price reaches there but volume can’t keep up, don’t set expectations too high. Only if it truly regains 4480 will the short-term outlook have the qualification to look above 4500. Ahead of this week’s non-farm payrolls, volatility is likely to be amplified, and this is not a time to chase emotionally. The above is market-structure analysis and does not constitute trading instructions or a promise of returns.$XAU
2026.8.31 Hunters, if 4420–4440 is clearly breached in the morning, you should watch for the area around 4400. Today’s low has already dipped to 4396.52, and this layer of risk is basically moving through. However, as of now, I still don’t think the risk has truly been resolved. The 30-minute move looks more like a low-level rebound after a sharp drop. Although the price has pulled back toward 4440, the moving averages overhead are still pressing, and the KDJ has started to turn back down. Rebound momentum hasn’t expanded noticeably either. So at this stage, I still lean toward a weak, sideways range. First, guard against another pullback to the lows, and don’t directly assume the start of a new uptrend yet. Continue to watch 4420–4400 below. If 4395 breaks again, the probability of making a fresh low will increase significantly. On the upside, watch 4485–4505. Only if the 1-hour chart truly closes back above 4505 and holds it will the risk from this downswing be considered clearly eased. The above is an analysis of market structure and does not constitute trading instructions or a promise of returns.$XAU