7.13 Li Jingyue — Gold Trading Plan Analysis

Gold started a swing decline from the high point of 4191, and the uptrend in this cycle has already broken down. The chart has formed a step-like consolidation and pullback structure, with the current quote around 4070.
For short-term, key support is anchored at the 4050 level below the chart. The first resistance is in the 4100–4120 range. The current rebound is a corrective move within the downtrend; bulls have not shown any signals of reversal.
For today, prioritize a short-on-rallies approach:
Enter a short position when the rebound reaches the 4105–4120 range.
Place the stop-loss above 4140.
The first target is 4050.
If support breaks, look further toward 4030.
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