July 10 early morning Gold Market Analysis - Shiyuan's View

After the previous round of bottom probing and consolidation rebound, 4150 remains the strongest resistance level for this round. Looking at the 4-hour cycle, the overall market has steadily recovered after touching the bottom, and the trend is relying on the lower support to show a repairing upward movement. The rebound trend after this decline has not yet shown a reversal inflection signal.

The current slight consolidation is only a brief accumulation and rest after a continuous rise. It is basically unrealistic to reverse the current relatively strong market trend with just a small pullback.

Moreover, the bearish momentum on the 4-hour cycle continues to weaken, making it difficult for bears to continuously push gold prices downward. The probability of a subsequent pullback followed by another upward surge is relatively high. Blindly going short against the trend and getting trapped should be avoided.

Suggestions:
Short at the 4140-4150 range, with the primary target at 4110. If the price effectively breaks down, further look toward 4070.
After a pullback to 4070-4110 and stabilization, arrange a long entry with targets at 4140-4150, stop loss at 4020.
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