July 7 Mrs. Nacai - Huangyu Morning Review

Low-level stabilization leads to repair rebound, short-term bulls have a counterattack opportunity
1. From the market review, gold prices fell from 4202 highs, completing a round of deep adjustment, and stabilized at 4163 in early trading. The hourly chart shows gold prices holding above the middle Bollinger Band at 4154, with the lower Bollinger Band at 4136 forming effective support. The downward momentum has clearly weakened, short-term stop-loss signals are appearing, and buying at low levels is gradually entering. The short-term resistance above is 4172, and a breakout could lead to an upward trend, with strong support below at 4136.
2. From the news perspective, the U.S. dollar surged and then weakened after hitting highs. The previous correction in gold prices has fully absorbed the negative factors. The medium- to long-term logic of interest rate cuts has not changed, and the fundamentals still support gold prices, leaving room for further upward rebound.
Strategy:
Go long at 4154-4140 pullback, target first at 4170, then look toward the previous high around 4202 after breakout.
Note: This is for reference only and does not constitute any investment advice.#黄金 #外汇黄金 #黄金行情分析及操作策略。