9、Analysis and Strategy for the Evening Market on the 9th and 10th
U.S. PPI data came in higher than expected, putting pressure on gold prices and triggering a sharp plunge. On the one-hour chart, all moving averages are pressing downward, with prices continuing to trade below them. Short-term bearish momentum has been released intensively, and the market has shifted into a corrective downtrend.
The short-term resistance above is 4380‑4398, the pressure zone formed by the short-term moving averages; the first support below is 4341, with strong support at 4327. If the rebound fails to rise above 4398, the bearish trend will continue; only a firm hold above 4398 will temporarily ease the decline. Volatility has expanded due to the data stimulus, so do not blindly chase shorts; wait for a rebound to encounter resistance before entering.
Recommendation
Go long in the 4320‑4340 range, set a stop loss below 4320, target 4362‑4380, and look above 4400 if it breaks through $XAUT #黄金
U.S. PPI data came in higher than expected, putting pressure on gold prices and triggering a sharp plunge. On the one-hour chart, all moving averages are pressing downward, with prices continuing to trade below them. Short-term bearish momentum has been released intensively, and the market has shifted into a corrective downtrend.
The short-term resistance above is 4380‑4398, the pressure zone formed by the short-term moving averages; the first support below is 4341, with strong support at 4327. If the rebound fails to rise above 4398, the bearish trend will continue; only a firm hold above 4398 will temporarily ease the decline. Volatility has expanded due to the data stimulus, so do not blindly chase shorts; wait for a rebound to encounter resistance before entering.
Recommendation
Go long in the 4320‑4340 range, set a stop loss below 4320, target 4362‑4380, and look above 4400 if it breaks through $XAUT #黄金
