7、17 morning market outlook analysis strategy:

In the early session, there was a small, mild rebound. The current price is around 3982. Hawkish remarks from Fed officials have continued to weigh on gold price action. The bulls’ counterattack has been relatively weak, and the overall long-cycle remains in a downward channel.

On the four-hour chart, the moving-average system is entirely aligned bearish. The 5-period and 10-period moving averages continue to cap price action. The prior support around 4011 has flipped into the current key resistance level. The stage low at 3969 is an important near-term support: if it holds, price action will shift into low-level weak range-bound consolidation; once there is an effective breakdown, the bears will continue probing the 3942 low.

The overall bearish trend on the board remains unchanged. Short-term rebounds are only technical corrections. As long as the price cannot hold above the 4011 resistance area, the trading approach should still prioritize selling short on rallies.

Suggestion:
Go short in the 4000-4020 range, with targets down at 3950-3920#黄金 #黄金行情 #XAU