September 23 Gold Technical Analysis: Sell Rallies at 4,345–4,348, Key Resistance 4,350–4,360

Hello everyone! Today i want to share some macro analysis with you!

September 23 Gold Technical Analysis: $Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$

Gold has shifted from its previous one-sided bull market (peaking near 4369.25) into a medium-term, wide-range consolidation phase, either forming a bottom or consolidating to build momentum.

Short-term rallies on the hourly chart may at any time face strong resistance from the dense moving average zone at 4,347–4,353 on the 4-hour chart.

Key resistance zone: 4,350–4,360!

The current trading strategy should focus on “selling on rallies” after the European session opens, or patiently waiting for a pullback to the strong support level below before going long.

Short-term strategy: Sell: 4345–4348 TP: 4320 SL: 4362

Follow me to learn more about analysis!!

Macro Trend

Monetary policy, various types of price indices... Here is everything about the macro economy!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":610811619750248,"tweetId":"610811619750248","gmtCreate":1790144736220,"gmtModify":1790145366913,"author":{"id":10000000000010924,"idStr":"10000000000010924","authorId":10000000000010924,"authorIdStr":"10000000000010924","name":"XAUUSD Gold Traders","avatar":"https://community-static.tradeup.com/news/6ec329fddcb95dc0e61a33a6a2b637a9","vip":8,"userType":8,"introduction":"，","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":507,"starInvestorFlag":false},"themes":[{"themeId":"4143db0c6a084fb6bb4cba1db09bcbb5","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"Macro Trend","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":4143db0c6a084fb6bb4cba1db09bcbb5}&rnconfig={\"headerBarHidden\": true}","description":"Monetary policy, various types of price indices... Here is everything about the macro economy!","image":"https://static.tigerbbs.com/b92fcdcbb675f48af67c8cfbd53f43a3"}],"images":[{"img":"https://community-static.tradeup.com/news/adcc896ffaec3277d9a127c1739fff69","width":"1072","height":"553"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/adcc896ffaec3277d9a127c1739fff69","width":"1072","height":"553"}],"title":"September 23 Gold Technical Analysis: Sell Rallies at 4,345–4,348, Key Resistance 4,350–4,360","html":"<html><head></head><body>Hello everyone! Today i want to share some macro analysis with you!\n\nSeptember 23 Gold Technical Analysis: <a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2612\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2612(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a>\nGold has shifted from its previous one-sided bull market (peaking near 4369.25) into a medium-term, wide-range consolidation phase, either forming a bottom or consolidating to build momentum.\nShort-term rallies on the hourly chart may at any time face strong resistance from the dense moving average zone at 4,347–4,353 on the 4-hour chart.\nKey resistance zone: 4,350–4,360!\nThe current trading strategy should focus on “selling on rallies” after the European session opens, or patiently waiting for a pullback to the strong support level below before going long.\nShort-term strategy: Sell: 4345–4348 TP: 4320 SL: 4362\n<img data-align=\"center\" src=\"https://community-static.tradeup.com/news/adcc896ffaec3277d9a127c1739fff69\" tg-width=\"1072\" tg-height=\"553\">\nFollow me to learn more about analysis!!</body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some macro analysis with you!\n\nSeptember 23 Gold Technical Analysis: <a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2612\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2612(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a>\nGold has shifted from its previous one-sided bull market (peaking near 4369.25) into a medium-term, wide-range consolidation phase, either forming a bottom or consolidating to build momentum.\nShort-term rallies on the hourly chart may at any time face strong resistance from the dense moving average zone at 4,347–4,353 on the 4-hour chart.\nKey resistance zone: 4,350–4,360!\nThe current trading strategy should focus on “selling on rallies” after the European session opens, or patiently waiting for a pullback to the strong support level below before going long.\nShort-term strategy: Sell: 4345–4348 TP: 4320 SL: 4362\n<img data-align=\"center\" src=\"https://community-static.tradeup.com/news/adcc896ffaec3277d9a127c1739fff69\" tg-width=\"1072\" tg-height=\"553\">\nFollow me to learn more about analysis!!</body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! September 23 Gold Technical Analysis: $Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$ Gold has shifted from its previous one-sided bull market (peaking near 4369.25) into a medium-term, wide-range consolidation phase, either forming a bottom or consolidating to build momentum. Short-term rallies on the hourly chart may at any time face strong resistance from the dense moving average zone at 4,347–4,353 on the 4-hour chart. Key resistance zone: 4,350–4,360! The current trading strategy should focus on “selling on rallies” after the European session opens, or patiently waiting for a pullback to the strong support level below before going long. Short-term strategy: Sell: 4345–4348 TP: 4320 SL: 4362 Follow me to learn more about analysis!!","highlighted":1,"essential":1,"paper":2,"likeSize":90,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/610811619750248","repostId":0,"isVote":1,"tweetType":1,"viewCount":818,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XAUUSD.FOREX","GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":694,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/610811619750248"}