7.15 Gold Evening Commentary

The midday report’s low-position long entry plan was perfectly executed. The forecast for the oversold rebound and repair matched the order book completely. After gold price tested the bottom at 4017, it rebounded and rose. The long position entered at the low level successfully booked profits, and the short-term repair market unfolded as expected.

Technical analysis: On the 30-minute Bollinger Bands, the upper band is 4037.91 and the middle band is 4030.26. The gold price stays above the middle band, and the RSI rises into a bullish zone. On the 1-hour Bollinger Bands, the bands are narrowing, with the upper band at 4069.77 and the middle band at 4043.55. The price hovers and rebounds, leaning on the middle band support.

Short-term resistance: 4043, 4069. Support: 4022, 4017.

Keke’s suggestion: On the rebound around 4060-4080, sell short in batches, targeting 4040 and 4020, and strictly set a stop-loss.

Disclaimer: The above is only my personal opinion and does not constitute investment advice.