9、9/16 Afternoon Market Outlook and Strategy
Gold prices began a strong rebound from the low of 4235.24. The moving averages on the one-hour chart have turned upward, and prices have risen above the 5-day, 10-day, and 20-day moving averages. Short-term bullish momentum has rapidly recovered, forming a V-shaped rebound structure.
The short-term resistance above is 4327.66 (the intraday high), while the previous high of 4366.65 is a key strong resistance level. The first support below is 4307 (the 5-day moving average), and the core defensive support is 4293 (the 10-day moving average). As long as the pullback holds above it, the rebound structure can continue.
After the rapid short-term rise, the market is facing profit-taking pressure. Close attention should be paid to whether the high resistance can be effectively broken, and caution is warranted against a spike followed by a pullback.
Recommendation
Go long at 43010-4280, with the initial target at 4327.66; if broken, continue targeting 4366#黄金 $XAUT
Gold prices began a strong rebound from the low of 4235.24. The moving averages on the one-hour chart have turned upward, and prices have risen above the 5-day, 10-day, and 20-day moving averages. Short-term bullish momentum has rapidly recovered, forming a V-shaped rebound structure.
The short-term resistance above is 4327.66 (the intraday high), while the previous high of 4366.65 is a key strong resistance level. The first support below is 4307 (the 5-day moving average), and the core defensive support is 4293 (the 10-day moving average). As long as the pullback holds above it, the rebound structure can continue.
After the rapid short-term rise, the market is facing profit-taking pressure. Close attention should be paid to whether the high resistance can be effectively broken, and caution is warranted against a spike followed by a pullback.
Recommendation
Go long at 43010-4280, with the initial target at 4327.66; if broken, continue targeting 4366#黄金 $XAUT
