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July 13 early trading recap as the bullish move played out
The early outlook called for a spike then a big decline, and the “Moth-to-the-ground” trend returned perfectly as it moved into the bullish run! 4106-4126 went out in batches—buying the call for “Juquilao,” as the gold price came under pressure and moved downward. It successfully booked profits at 4080, with 4050 approaching the target level.
The US dollar has kept strengthening, continuously weighing on gold prices. The “Moth” rebound marked the end of the bullish phase. With upside momentum exhausted, the day’s trend tilted weak and pulled back, matching the early analysis of “Silk Road” seamlessly. $XAUT