6.29 Gold Evening Review: Morning Review's Long Targets Achieved, Short-term Under Pressure for Pullback

In the afternoon, multiple long orders were given, entering around 4045 and the first target of 4065 was precisely reached. The rhythm prediction and entry point were accurate, and those who followed have already taken profits 🍖. Currently, the evening gold price is trading around 4035.

Technically, on the 1-hour Bollinger Bands, the upper band is 4093, the middle band is 4062, the lower band is 4031. The price has broken below the middle band, showing short-term weakness. On the 30-minute Bollinger Bands, the upper band is 4080, the middle band is 4053, the lower band is 4027. The market has fallen into the middle-lower band range, the RSI indicator is declining, and short-term pressure is being repaired.

Short-term support at 4030, strong support at 4000; resistance at 4053, 4086.

Coco's suggestion: In the short term, focus on shorting on rebounds. Short near 4055 and 4075 on rebounds, targets 4030 and 4000. When the price falls and stabilizes near 4000-4025, then take long positions. Strictly set stop-loss and control position size throughout.

Disclaimer: The above is solely personal opinion and does not constitute investment advice.