7.7 Gold Midnight Review: Evening High-Short Predictions All Realized, Midnight Continues with Weak Consolidation

The evening rebound short-selling strategy perfectly matched the market, as gold prices continued to decline after facing resistance at highs. The bearish momentum continues to release, while the long-term bullish trend has not been completely disrupted, and short-term trading remains weakly oscillating.
Technical Analysis: The 1-hour Bollinger Bands are trending downward overall, with the upper band at 4175.20, the middle band at 4144.48, and gold prices under pressure below the middle band. The 30-minute Bollinger Bands are also narrowing downward, with the upper band at 4173.86 and the lower band at 4112.27. The RSI has fallen to low levels, indicating insufficient bullish rebound momentum.
Short-term resistance levels: 4144, 4175; support levels: 4112, 4092.
Keke’s suggestion: For midnight, prioritize following the trend to short on rebounds. Short around 4160-4180, targeting 4140 and 4020. Once support holds, prepare to go long at lows. Strictly use stop-losses throughout to hedge against volatility risks.
Disclaimer: The above is solely personal opinion and does not constitute investment advice.