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2025-09-17 20:33:56
【Spot Gold Technical Analysis】Observe from the 60-minute chart. The middle track of the Bollinger Band is 3683.62, the upper track is 3705.15, and the lower track is 3662.10. On September 16, the price once reached 3702.93 during the trading session before turning around. The next trading day, the price moved down along the middle track and hovered above the lower track, with the intraday low at 3659.89. In terms of the K-line structure, a "high-reaching fall" with a long upper shadow formed above 3700, followed by a mean reversion close to the lower track - a weakening rhythm with the trend, reflecting the characteristics of a retracement segment after the expansion of the Bollinger Bandwidth. MACD: DIFF is -4.46, DEA is -1.44, and the MACD histogram is -6.04 and continues to "expand green", indicating that the momentum is tilted towards the short side. There has been no "volume decay" or "bottom divergence" signal near the zero axis. RSI (14) points to around 38.83, which is in the "lower edge oscillation band" between the weak zone and the oversold threshold, indicating that the short-term rebound is still mainly under pressure. Support/Resistance Reference: Below, watch for 3662.10 (lower Bollinger band), 3645.00 (horizontal key price), and 3626.58 (previous low). Above, resistance is seen at 3683.62 (middle Bollinger band/average resistance), 3702.93 (previous high), and 3705.15 (upper Bollinger band). Currently, the price is trading between the middle and lower Bollinger bands, suggesting a weak range. A retest of 3683.62 and a retest of the hourly level would trigger a retest of 3700. Conversely, a break of 3662.10 would open the door to a possible retest of 3645.00.
