July 14 gold morning outlook



From the 1-hour technical chart, the K-line has seen consecutive large bearish candles stepping downward, with very weak rebound strength; the RSI indicator is all in the oversold zone, but there’s no bullish divergence or bottoming reversal signal yet, and the downtrend remains dominant.

Key levels
Support level: 3986
Resistance levels: 4013, 4058

Trading suggestions

Long: Enter/hold around the 3980-4000 range as it steadies, target 4020, and after a breakout look for 4100

Short: Sell/enter around the 4010-4030 range when it faces resistance, target 3985, and after a breakout look for 3900

(These are personal suggestions for reference only; everything should be based on the live chart.)
GLDX-1.07%
PAXG-1.17%
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CaptainChenOfTheEncryptionTeam
· 9h ago
July 14 Gold Morning Outlook

From the 1-hour technical chart, the K-lines have continuously formed large bearish steps downward, and the rebound strength is extremely weak; the RSI indicator is across the board in the oversold zone, but there is currently no bullish divergence reversal/stoppage signal, and the downtrend still dominates the market.

Key levels
Support level: 3986
Resistance levels: 4013, 4058

Trading suggestions

Long: If price consolidates in the 3980-4000 range, target 4020; after a breakout, look for 4100

Short: Enter on rejection around the 4010-4030 range, target 3985; after a breakout, look for 3900

(Individual suggestions are for reference only; everything is subject to the live chart.)
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