7.2 Spot Gold Early Morning Analysis

The long-term bearish pattern has not reversed. After a short-term minor rebound, it faced resistance and pulled back. The intraday trend is weak and oscillating. Priority in trading is to sell high on rebounds, with only key support levels allowing light long positions.

Daily high points continue to move lower, and the descending channel remains intact. 3943 is only a short-term low, not a trend bottom. After previously surging to 4115, consecutive bearish candles appeared, and gold prices fell back to around 4060. There is strong dual resistance above at 4115 and 4382.

This rally is merely a correction within the downtrend. Medium-term bears still dominate, and every rebound is an opportunity to short.

Gold: Short at 4075-4085, targets 4030 and 4000. If a valid breakdown occurs, follow the trend to 3950. $BTC $GT $SOL