🔥 Gold bulls and bears are locked in a "clash of titans"! Thursday closed with a doji candle opposite to Wednesday's, with neither side able to gain the upper hand after hours of struggle. Tonight will be the key to breaking the deadlock—the September Core PCE Price Index will be released (this is the Fed’s most closely watched inflation indicator and will directly affect gold's direction)!
Looking at the daily chart, the highs on Monday and Wednesday have formed short-term downward pressure, with bears temporarily in control, but support below remains strong: ✅ 4-hour 60-period moving average support at 4170 ✅ The key level at 4156 mentioned yesterday ✅ Daily 20-day moving average support at 4144 These three points are the core entry zones for short-term dip buying—wait for the right opportunity before making a move!
The resistance levels above are also clear; continue to watch the 4240, 4260, and 4291 marks. Only a breakout above these can open up new upside potential.
One last reminder: In the short term, the market is in a range-bound battle, but the overall gold bull market is far from over! The above are just short-term trading references—don’t let short-term volatility mislead your long-term view.
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🔥 Gold bulls and bears are locked in a "clash of titans"! Thursday closed with a doji candle opposite to Wednesday's, with neither side able to gain the upper hand after hours of struggle. Tonight will be the key to breaking the deadlock—the September Core PCE Price Index will be released (this is the Fed’s most closely watched inflation indicator and will directly affect gold's direction)!
Looking at the daily chart, the highs on Monday and Wednesday have formed short-term downward pressure, with bears temporarily in control, but support below remains strong:
✅ 4-hour 60-period moving average support at 4170
✅ The key level at 4156 mentioned yesterday
✅ Daily 20-day moving average support at 4144
These three points are the core entry zones for short-term dip buying—wait for the right opportunity before making a move!
The resistance levels above are also clear; continue to watch the 4240, 4260, and 4291 marks. Only a breakout above these can open up new upside potential.
One last reminder: In the short term, the market is in a range-bound battle, but the overall gold bull market is far from over! The above are just short-term trading references—don’t let short-term volatility mislead your long-term view.