July 1 Gold Evening Market Analysis

The current gold price is trading around 3998, continuing to face pressure below the 5-day moving average, with short-term rebound momentum persistently suppressed by the moving average. After multiple attempts to test resistance at the 5-day and 10-day moving averages, the market has fallen back and weakened, maintaining a weak pattern in the midst of a downtrend continuation.

The long-term bearish trend structure remains intact, with short-term moving averages continuing to form downward pressure; within the 4-hour cycle, there are no signs of moving average turning or price divergence indicating a bottom reversal, and the downtrend has not been broken.

The recent slight rebound is merely a technical correction after an oversold condition. A large number of trapped positions have accumulated around 4020, with concentrated selling pressure above. If the evening market rebounds and rallies, after hitting the resistance zone, the strategy remains to go short at high levels.

Trading Plan

Entry Point: Rebound to the 4015-4030 range, gradually open short positions in small batches
Profit Target: First target at 3970-3950; if the market effectively breaks below, the downside profit space can be expanded accordingly. #黄金