September 29 Gold Real-time Market Analysis: On Monday, gold prices surged to the 3812 level, with seemingly endless upward momentum. With month-end approaching tomorrow, will we see a sharp pullback and washout? This question remains uncertain, but I will still look for opportunities to initiate short positions. From a technical perspective, after touching short-term highs, prices have pulled back. The current consolidation range focuses on 3812-3791. While the exact top remains unclear, the plan is to short again near the 3818-23 area.
From a technical standpoint, gold prices broke above the previous high of 3791 and continued rising another 21 points. The upward deviation space can similarly be referenced at 21 points. Calculating from the intraday low of 3763, prices have already risen 49 points, a gain of 1.21%, and this was just during the Asian session - completely irrational. I'm not optimistic about gold's sustained upward momentum. The upside space remains unknown, making it logical to short at defensive resistance levels.
Current overhead resistance references include the 12-hour Bollinger Band upper rail at 3818, daily Bollinger Band upper rail at 3821, and 8-hour Bollinger Band upper rail at 3823. As prices advance, these resistance levels may shift slightly higher, but I expect minimal deviation. Higher resistance directly targets the daily error band upper rail at 3864, where the annual line pressure point also sits at 3864. This week's initial gold strategy focuses on normal shorting in the 3818-3828 range with a default 10-point stop loss, attempting swing short positions while monitoring subsequent market developments.
For support levels, watch the 3800 and previous low 3791 nodes. A downward break targets 3875 and 3860 directly. Overall, gold prices continue climbing. I would be cautious about chasing highs, but will decisively short at resistance levels with proper stop losses - no regrets regardless of outcome! Today's operations suggest primarily shorting on rebounds with secondary long positions at lower levels.
Gold Strategy: Current real-time quote around 3811. 1. Short on rebounds touching 3818-23 area, stop loss 3831, targets 3805-3791, hold on breakdown; 2. If first pulling back to 3795-90 area, go long, stop loss 3785, targets 3810-3820; 3. Weekly swing short orders: Short at 3858, double down short at 3868, stop loss 3878, targets 3750-3600, hold on breakdown;
Crude Oil Real-time Market Analysis: Oil's consolidation range has clearly shifted higher, tentatively set at 67.8-63.5 range. Monday's pullback was minimal. Downside support levels focus on 64.7-64.2 and 63.5, while resistance watches the 66-66.3 pressure zone. Upward breakouts reference 67 and 67.8 levels respectively. The bullish direction judgment is correct, but the momentum isn't as stimulating as gold's. Frankly speaking, this year's focus isn't on crude oil, so the analysis approach is particularly simple for reference only. Today's operations suggest viewing the support range formed by weekly MA30 at 64.7 and daily MA60 at 64.2 bullishly, with normal short positions at high resistance levels.
Crude Oil Strategy: Current real-time quote around 65.2. 1. If first pulling back to 64.7-64.2 area, go long, stop loss 63.7, targets 65.7-66.3, reduce on breakout; 2. Short on rebounds touching 66-66.3 area, stop loss 67, targets 65.3-64.8; 3. High-level short order at 67.8, stop loss 68.7, targets 66-65;