7.7 Jinglu Gold Midday Brief

After midday, gold pushed higher and touched the key resistance level above, but then stalled directly and failed to break through. The moving averages’ suppressive effect was evident, and the bulls’ upside momentum was quickly depleted. The price action then formed consecutive bearish candles, with a steady drift downward. The swing highs gradually shifted lower, creating a clear pullback rhythm. In the short term, the bulls’ rebound attempt is only weak; the rebound has no strength to hold the market up. With short-term profit-taking continuously exiting and selling, bearish momentum remains in release. The overall trend has already turned weak, and the subsequent market is expected to continue the downward move and adjustment trend in sequence.

Trading Idea$BTC $HYPE $ZEC
4150-4170 go short
Target range 4030-4010#Strategy上周减持3588枚BTC #Vitalik公布精简以太坊路线图 #gStocks代币化股票上线