July 10 Nacai Madame - Huangyu Midday Review


Rebound meets resistance, narrow range oscillation, short-term long-short tug-of-war
1. Market: Gold price surged to 4138 and then pulled back under pressure. Current price 4115.36. The hourly line is oscillating near the Bollinger middle track of 4119. Resistance above at 4138, support below at 4101.
2. News: No important US data today. The US dollar stabilized slightly, capping gold's upside. Overall, gold remains in a low-level repair pattern.
Strategy: Go long on a pullback to 4100, targets 4130, 4150.
Note: The ideas are for reference only and do not constitute any investment advice.
GLDX-0.01%
PAXG-0.26%
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On-ChainHealthInspector
· 2h ago
The 4138 pressure is quite clear; chasing for longs could easily get you trapped. Better wait for a pullback.
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YieldBonsai
· 3h ago
In a short-term oscillating market, strictly implementing stop-loss is more important than correctly predicting the direction.
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FloatingTeacupClub
· 3h ago
The 4100 support level has been tested several times, feels like it will break if it goes further down.
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NeonHalf-MeltedIceCream
· 3h ago
Mrs. Nacai's price points are quite detailed, but the stabilization of the U.S. dollar is indeed a variable.
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SweepTheFloor
· 3h ago
No data today, the market is estimated to just grind like this for the day, light position and wait and see.
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