7.10 Jinglu Evening Gold Brief Review



After gold tested the upside near the 4120 area, the bulls weakened and, following the spike, quickly fell back to the 4090.4 level. Short-term upward momentum has been consumed heavily. At present, the rebound is near 4104.3, but it’s only a technical correction. Selling pressure remains heavy overhead, and the bulls are unlikely to be able to push higher again. Overall, the evening setup is weak, and the probability of further pullback afterward is relatively high.

Trading advice
Short 4120-4140
Target range 4000-4020$XAU #GateUS合规扩展佛罗里达 #美伊战争阴云再起 #Anthropic二级市场估值飙升至1.2万亿美元
XAU-0.53%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
MintAfterCoffee
· 42m ago
With all the turmoil on the Iran–U.S. side, gold still didn’t even surge higher—this shows the bulls really don’t have much confidence.
View OriginalReply0
GateUser-3f3455c7
· 1h ago
Tonight’s price action is a typical fake breakout; the longs are exhausted, so short it as suggested.
View OriginalReply0
ToBeHonest,You'llLose
· 2h ago
After completing the technical fix, it continues to drop hard, with 4,000 in sight.
View OriginalReply0
Paper-SculptedOctopusPool
· 2h ago
This 4120 pressure is truly tough—after pushing through twice, it still didn’t make it. The shorts’ positioning is buried pretty deep.
View OriginalReply0
  • Pinned