Inflation data is coming. After crude oil prices have fallen for two consecutive months, will CPI also decline as a result? Next Tuesday is worth looking forward to—an inflection-point price action has arrived, but the inflection point in Treasury yields has not appeared yet, so be sure to watch it. As July is nearing the halfway mark, it’s time to start planning for the second half of the year. Especially in Q3, the structure of the precious metals market’s price action needs to keep up with the market tempo—respect the market. After gold rebounded at the beginning of July to around the 4,200 level, there was an abc adjustment this week, with momentum still relatively mild. In the second half of the week, it was lifted and closed above 4,100. Based on this kind of price action, the first half of July should be a period for constructing a bottom. Next week may still have one more dip. On Friday, it’s still within wave B, with another wave C. Using the A = C space projection, 4137-181 puts it theoretically around 3,956, then it could go to 4,350—wait and see. It may not play out that way…