7.10 Gold Strategy Midnight Review: Gold violently surges to break new highs—bulls unstoppable!

In early trading, it dipped to a low of 4054, then quickly stabilized. After that, it entered a one-way rally mode, strongly breaking through the two levels of 4073 and 4104 along the way, with a peak around 4136. The single-day gain exceeded 80 points. At present, gold has firmly held above 4126, with bulls tightly controlling the market, leaving limited room for pullbacks.

News: Expectations for a Federal Reserve rate cut continue to build momentum. The market is betting on more rate cuts this year, putting pressure on the US Dollar Index and directly benefiting gold. Combined with instability in global geopolitics and uncertain conditions, central banks around the world have accelerated purchases of gold reserves. With both safe-haven demand and anti-inflation demand receiving double support, the medium- to long-term upward logic for gold remains solid.

Technical analysis: On the 15-minute timeframe, a standard V-shaped reversal has formed. The candlesticks steadily rise along the moving average system, and the MA bullish alignment is intact. Below, 4104 and 4073 form double strong support. After a breakout above 4136, it will open new upside space. The BOLL channel is opening upward and diverging; price is trading near the upper band. Bullish momentum is strong, and going long in line with the trend remains the main tone.

Trading reference: Buy in batches on pullbacks in the 4100-4120 range, targeting 4150 and 4180. $XAUT