7.6 Afternoon Gold Analysis

The early morning surge hit 4200, but it met resistance and pulled back; the current price is 4157. The Non-Farm Employment Change is favorable, supporting the long-term bullish trend. In the afternoon, price is expected to range and consolidate, as market funds wait for Thursday’s Federal Reserve minutes. The U.S. dollar index has rebounded slightly, which is putting pressure on gold prices.
The 4-hour bullish structure remains intact, and a short-term pullback is for correction.
Trading: Go long at 4135-4145 once it holds steady, stop loss at 4128, target 4180-4220.
Overall, go long on pullbacks; at the high end, you may lightly open a short position. Strictly control risk. #黄金