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7.13 Midday Gold Market Analysis—Shiyuan’s View
The focus of the 4-hour cycle continues to move downward; rebounds lack strength, with the bears dominating the chart. Above, 4120 is a strong resistance with no reversal signals—avoid blindly bottom-picking.
Gold (current 4062):
Sell in batches on the rebound 4090–4120, take profit at 4040; if it breaks, target 4024. Stop loss at 4135.
Shiyuan reminds: Chasing a short at the current price has a low cost-effectiveness—wait for a rebound to enter; if 4040 breaks, you can add to the short with a light position, looking for new lows. $XAU