9、9/4 Afternoon Market Outlook and Strategy
The intraday gold price came under pressure and pulled back after surging to 4487.23, with the current price at 4469.52. On the one-hour chart, short-period moving averages have turned downward, while the price is oscillating back and forth around the moving averages. Following a continuous rise, bullish momentum is gradually weakening, and the market has entered a high-level correction phase, shifting overall from a one-sided rally to a range-bound pattern.
The short-term resistance zone above is 4474‑4487, representing the intraday pressure area; the first support below is 4460, with key defensive support at 4432. If support is breached, further downside room will open up.
The US unemployment rate data is due later tonight. Major data can easily break the current narrow range-bound pattern. Frequent trading is not advisable during the consolidation phase; wait for key levels before planning an entry.
Recommendation
Short the 4474‑4487 area, set a stop-loss above 4494, and target 4460‑4440. Enter and exit quickly for short-term trades. #黄金 $XAUT
The intraday gold price came under pressure and pulled back after surging to 4487.23, with the current price at 4469.52. On the one-hour chart, short-period moving averages have turned downward, while the price is oscillating back and forth around the moving averages. Following a continuous rise, bullish momentum is gradually weakening, and the market has entered a high-level correction phase, shifting overall from a one-sided rally to a range-bound pattern.
The short-term resistance zone above is 4474‑4487, representing the intraday pressure area; the first support below is 4460, with key defensive support at 4432. If support is breached, further downside room will open up.
The US unemployment rate data is due later tonight. Major data can easily break the current narrow range-bound pattern. Frequent trading is not advisable during the consolidation phase; wait for key levels before planning an entry.
Recommendation
Short the 4474‑4487 area, set a stop-loss above 4494, and target 4460‑4440. Enter and exit quickly for short-term trades. #黄金 $XAUT
