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2025-09-16 19:08:14
Spot Gold Technical Analysis: The 60-minute candlestick chart shows a significant widening of the Bollinger Bands, indicating a strong upward trend. Price Structure: The latest price is 3697.17, just shy of the high of 3697.77, indicating that upward selling pressure is primarily driven by the resonance between psychological barriers and the upper Bollinger Band. Bollinger Bands: Upper Band 3708.10, Middle Band 3672.29, Lower Band 3636.48. An upward movement between the upper band and the moving average is a hallmark of a strong trend. A successful breakout above 3708.10 and a retest without breaking below would trigger a technical signal for an upward extension. Conversely, a short-term rally followed by a decline would establish 3672.29 (the middle Bollinger Band) as the first level of dynamic support, forming a support band alongside the horizontally congested area at 3640. MACD: DIFF 10.23, DEA 9.58, histogram 1.31, a bullish momentum structure above the zero axis. The bars have slightly converged since the peak, suggesting a slowdown in the pace of strength and energy turnover, which matches the high-level consolidation of the K-line near the historical high. RSI (14): Reading 68.75, close to the overbought threshold of 70, reflecting the coexistence of short-term overheating and high-level blunting of upward momentum. Key position analysis: Resistance levels focus on 3708.10 and the 3700 integer level; support levels focus on 3672.29, 3640, and the previous low range of 3626.58-3613.55.
