7.15 Morning Gold Analysis

Yesterday’s CPI data cooled down and took effect. Combined with an increase in gold ETFs of 2 tons, the main force’s bottom-range washout has completely ended. Bulls have begun rebuilding and re-accumulating.

Tonight at 20:30, the U.S. June PPI data will make a major appearance. As a forward-looking inflation indicator, if the data continues to weaken, it will again provide upside momentum for gold bulls.

The price action is clear: gold rebounds by decisively defending support at 3983. In the morning, it rose steadily, holding above 4060. In the short term, it formed a staircase-like upward consolidation structure. During daytime trading overall, it leaned toward a warm rebound. The key area under pressure to watch is around 4066.

On the 4-hour timeframe, there have been consecutive bullish closes for repair. The short moving averages have successfully formed a golden cross, and the market has completely shifted from being suppressed by bears to being led by bulls. Currently, price is approaching the 4066 core strength/weakness watershed (Bollinger middle band + MA20 resistance). A valid breakout can open up the space above, and in line with the trend, it can push toward the 4100 level.

Gold: plan to go long at 4020-4040; target: 4080. If it breaks, then look at 4100$BTC $GT $ETH