7.6 Gold Morning Review: Bullish trend continues, intraday follow the trend with long bias primarily

The previous long bias strategy has been consistently realized, the bullish NFP benefits continue to be released. After the holiday, gold prices opened slightly higher and are oscillating at high levels, with the overall strong structure unchanged.

Technical outlook: The 1-hour Bollinger Bands continue to rise, with upper band at 4197.92, middle band at 4171.67, and gold price firmly above the middle band; the 30-minute Bollinger channel also points upward, with upper band at 4186.02, middle band at 4174.09, and price oscillating close to the upper band. Both cycle RSIs are above 60 in the bullish zone, with minor consolidation showing no breakdown or weakening signals, the bullish structure remains intact.

Short-term resistance: 4210, 4198; support: 4145, 4162.

Coco's suggestion: Intraday, follow the trend with long bias primarily, enter on pullback to the 4160-4165 range, targets 4198, 4210; if resistance above leads to stagnation, then cautiously short with a light position, strictly set a stop loss to avoid the risk of a spike and pullback.

Disclaimer: The above are only personal views and do not constitute investment advice.