Gold, BTC, ETH, etc. (Beijing time, Monday, September 21)
Gold traded at 4378–4380 over the weekend.
Gold rebounded from its low on September 18, reaching a high of approximately 4399 and a low of approximately 4334, closing near 4378. After the rate hike was implemented, U.S. Treasury yields remained near 5.00%, while the dollar stayed strong, limiting gold’s upside. The ongoing U.S.-Iran conflict and elevated oil prices are supporting the downside, but currently cannot outweigh interest rates. Price is stuck in the 4370–4400 range.
Monday levels (entries controlled within 5 points)
Estimated open: 4376–4382. If it opens high at 4392–4396, prioritize shorts; if it opens low and pulls back to 4362–4366, consider a light long.
Early session:
Support: 4362–4366, then 4348–4352
Resistance: 4392–4396, then 4412–4416
If a pullback to 4362–4366 holds, consider a light long, stop-loss at 4356, target 4386–4390.
If a rebound to 4392–4396 is rejected, short, stop-loss at 4402, target 4370–4366.
Mid-session:
Support: 4358–4362, then 4344–4348
Resistance: 4396–4400, then 4416–4420
If a pullback to 4358–4362 holds, consider a light long, stop-loss at 4352, target 4388–4392.
If a rebound to 4396–4400 is rejected, short, stop-loss at 4406, target 4366–4362.
Late session:
Support: 4352–4356, then 4338–4342
Resistance: 4400–4404, then 4420–4424
If a pullback to 4352–4356 holds, consider a light long, stop-loss at 4346, target 4388–4392.
If a rebound to 4400–4404 is rejected, short, stop-loss at 4410, target 4366–4362.
Trade the range: consider light longs on pullbacks to support and shorts at high resistance levels, with strict stop-losses. Switch to longs if price holds above 4416; a break below 4344 would point to further downside. Keep positions light, with risk per trade below 1%.
Brief comments on other sectors
BTC: Approximately 81000–81200 over the weekend. After rebounding from its low on September 18, it consolidated at high levels, moving in tandem with U.S. stocks and risk sentiment. In the short term, watch 80000 support and 82000 resistance. Volatility remains high after the rate hike; observe with light positions.
ETH: Approximately 2620–2640. It followed BTC’s rebound but with less strength. Key levels are 2600 support and 2700 resistance. If BTC holds steady, ETH has room to follow higher.
ZEC: Approximately 1450–1470. Volatility has been high recently, with a pullback after rallying from the lows. In the short term, watch 1420 support and 1520 resistance. As a privacy coin, it is sensitive to news, so position control is important.
Crude oil (WTI): Approximately 96–99. The U.S.-Iran conflict is supporting oil prices, but elevated levels face pullback pressure. In the short term, watch 95 support and 102 resistance. If geopolitical tensions escalate further, prices could easily surge.
U.S. stock market brief
SanDisk (SNDK) has posted a huge gain this year, driven notably by demand for AI storage. Although its valuation is not cheap, earnings elasticity remains. It may be worth watching if it pulls back to a relatively reasonable level, but chasing highs is not recommended. Other potential areas include storage and AI hardware-related names, with the overall trend following the pace of technology stocks.
For reference only; this does not constitute investment advice. Trade at your own risk. $BTC $ETH $XAUUSD