July 15 Fund Collection Madam—Yellow Fish Evening Review

After rallying high, it continues to consolidate and trade weakly; rebounds lack momentum, and bears take the upper hand.
1. Judging from the order book: after the gold price surged to the 4103 high point, it then oscillated downward. Current price is 4030. On the hourly chart, it is trading below the Bollinger midline (4043), facing pressure. In the short term, resistance is 4043 and 4069 above; support is 4016 and 3999 below. The rebound move driven by yesterday’s CPI is gradually fading, and overall price action remains weak and range-bound.
2. From the news side: the US weekly initial jobless claims data released in the evening was slightly better than expected. The labor market still shows resilience; the market has pushed back expectations for rate cuts. The US dollar has again edged stronger, continuously weighing on gold bears. In the short term, gold lacks bullish catalysts, and rebounds are constrained.

Strategy:
On rebounds, scale in short positions in the 4040–4050 range, with targets at 4010 and 3980.

Note: This is for reference only and does not constitute any investment advice. $XAUT