7.13 Gold Outlook

Gold pushed higher to around the 4,138 area near the high in the early hours of Friday, then kept weakening. On Monday, it opened and continued to sell off, dipping to the 4,056 level before stalling. Some of the head momentum was consumed. The small pullback after the decline was a brief stop-hunt (long liquidation to trap shorts) action, but it did not change the short-term stabilization and recovery pace.

On the 1-hour cycle, after the fall, it formed a bottoming and stabilization pattern, with selloff pressure failing to extend further. Below the 4,060 area, buy-side support is sufficient. It is currently consolidating around 4,060 to build momentum, which places it in the bottom-building phase. The short-term head-repair trading opportunity is about to begin, and any modest pullbacks are also a good window to position low.

Today’s plan is mainly to pull back and buy the dips. Wait patiently for the dip pullback and rebound support window, and enter long in the 4,030–4,045 range. For the short term, the first target is the 4,090 resistance level. After a breakout, follow the trend to probe the 4,100 area. This round of sharp selloff reflects a concentrated release of head pressure. After stabilizing at the lows, the rebound headroom should be ample. When entering, control your position sizing well, but the bigger picture is still head$XAU #PreIPOs第二期OpenAI认购