July 14, Naicai Lady – Huangyu’s late-night thoughts

A plunge of more than 100 points brings an oversold rebound opportunity; hidden support at low levels may trigger a counterattack outlook
1. Judging from the price action during the day, the gold price saw a single-day drop of over 100 points, falling to test the 4,000 level. The current price is 4,011.92. The hourly chart shows a significant deviation below the lower Bollinger Band, meaning the market is severely oversold in the short term and has a strong need for a rebound and repair. Below lies key support at 4,000. Resistance on the rebound is at 4,060 and 4,108. After a continuous sideways slide and the large downturn, the momentum at the top has been essentially exhausted.
2. From the news perspective, the short-term panic selling has basically been fully released. The price has fallen to a previously important bottom range. Once market sentiment stabilizes, it is very likely to chart a rebound and repair path.
Strategy:
Go long/accumulate in the 3,080–4,000 range, with rebound targets at 4,060 and 4,100.
Note: This outlook is for reference only and does not constitute any investment advice. #黄金 $XAUT