XAU/USD: Market Analysis and Strategy for September 23GoldOANDA:XAUUSDActuaryJYesterday, gold fell during the Asian trading session but rebounded after hitting a low of $4,291.5 during the European session, eventually closing at $4,354. The KDJ indicator maintains a bullish crossover, auxiliary indicators are turning upward, and the MACD bearish momentum bars are shrinking; the overall daily trend leans bullish. On the hourly chart, the gold price has reclaimed the middle Bollinger Band and the 60-day moving average, trading near $4,350. While MACD bullish momentum bars continue to expand, the KDJ indicator shows signs of severe overbought conditions, suggesting limited room for short-term upside; consequently, gold may experience a pullback during the Asian session. Given the prevailing bullish trend on the daily chart, I recommend waiting for a support level to enter a long position, specifically watching the $4,330 area (near the middle Bollinger Band) for support. Monitor the $4,400 level for resistance. My recommendation: BUY: 4331–4336, SL: 4321, TP: 4370–4380