July 14 Cai Fuzi - Huangyu Early News



A continuous big dip has entered an oversold zone; low levels bring a short-term rebound opportunity
1. Judging from the order book, the gold price has been falling continuously, hitting a low of 3986.62; the current price is 4003.58. The hourly line is far below the lower Bollinger Band at 3979. In the short term, bearish momentum has been over-exhausted, and there is a need for a rebound and repair. Resistances are 4037 and 4096 above; key supports are 3986 and 3979 below.
2. From the news side, the earlier concentrated sell-off from the Kuangtou has basically played out. During the day, the US CPI data will be released soon; after the data is out, it may directly drive gold into a rebound trend.
Strategy:
Buy the dip in the 3986-3979 range; rebound targets are 4040 and 4090.
Note: The ideas are for reference only and do not constitute any investment advice. #黄金 $XAUT
XAUT-0.96%
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PositionLikeACat
· 3h ago
The 3,986 support level was tested three times—whether it can hold this time is really hard to say. Let’s wait for the data.
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ContractsMustNotLie.
· 3h ago
CPI will be released tonight—watching for a rebound.
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StarsInTheGlassDome
· 4h ago
The hourly line is deviating from the lower band so much—there will definitely be a technical rebound, but if the CPI comes in hotter than expected as a bearish surprise, 3979 is likely to break.
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TheCandlestickChartLooksLikeAn
· 4h ago
Madam, the early report is right on time, but for this oversold rebound I’m being conservative—cut my position by half first.
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