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7.2 Gold Evening Review: The midday short-selling approach was fully realized, with consolidation under pressure leaning bearish.
The midday prediction of shorting on rebound under pressure was entirely correct. Gold prices lacked upward momentum, consolidating narrowly under pressure throughout the day. This evening, the Nonfarm Payrolls and Initial Jobless Claims data will be released simultaneously, coupled with U.S. Independence Day. Market volatility is expected to increase significantly, with strong wait-and-see sentiment among bulls and bears.
Technical analysis: The 1-hour Bollinger Bands are slightly contracting with a minor downward tilt; prices are capped by the upper band. The 30-minute Bollinger Bands are sideways and flat, with gold price hovering around the middle band. Upward momentum is insufficient, and the short-term trend is overall weak.
Short-term resistance at 4078 and 4086; support at 4051 and 4033.
Keke's suggestion: Continue to follow the trend for short positions this evening, short near 4080-4100, targeting 4060 and 4030; once support stabilizes, take light long positions with caution, and strictly use stop-loss throughout.
Disclaimer: The above is only personal opinion and does not constitute investment advice.