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7.3 Gold Evening Review: Midday Long Ideas Fully Realized, Maintain Bullish Pattern Before Market Close
The bullish momentum brought by strong non-farm payrolls continues to build, with midday long ideas perfectly realized as gold prices operate steadily at high levels. U.S. markets close early today, market liquidity is gradually decreasing, and price fluctuations are narrowing, but the overall upward trend remains unchanged.
Technical Analysis: The 1-hour Bollinger Bands are continuously opening upward, with gold prices firmly above the middle band; the 30-minute Bollinger Bands are also rising, with prices oscillating near the upper band. The bullish structure remains intact, and short-term consolidation does not change the uptrend.
Short-term resistance: 4196, 4210; support: 4150, 4130.
Coco's Suggestion: Still follow the trend and focus on long positions in the evening. Go long around 4150-4160, targets 4180, 4195; if upward momentum weakens, take light short positions briefly. Strictly set stop losses to avoid gap risks at market open after the holiday.
Disclaimer: The above is only personal opinion and does not constitute investment advice.