7.15 Gold Midday Review



Market Recap: The evening provided a high-altitude plan of 4060-4080, and it was perfectly accurate. The gold price surged higher but met pressure and pulled back. The key resistance levels perfectly matched the price action. The short positions opened at high levels successfully realized profits, while the bulls lacked upward momentum.

Technical Analysis: On the 30-minute Bollinger Bands, the upper band is 4067.80 and the middle band is 4039.47; the gold price is trading below the middle band under pressure. On the 1-hour Bollinger Bands, the bands are flat; the upper band is 4069.16 and the middle band is 4043.18. Resistance to the upside on rebounds is stronger, and the market is stuck in a weak tug-of-war consolidation.
Short-term resistance: 4043, 4069; Support: 4017, 4011.

Koko Suggestion: At midnight, rebounds to the upside remain the main focus. Sell in batches at 4050-4070, with targets at 4020 and 4010. Strictly set a stop-loss.
Disclaimer: The above are only my personal opinions and do not constitute investment advice.
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