July 17 Fundraising “Madam”-Huangyu evening review

Low-level mild consolidation and repair, the big-cycle pattern remains unchanged
1. Looking back from the chart, after a major move in the gold price, gold entered low-level consolidation. The current price is 3990. The hourly line has rebounded slightly to above the Bollinger middle band at 3988, but the Bollinger upper band at 4004 forms strong resistance. Two waves of “magical nine-turn” bearish signals overlap: resistance at 4004 and 4038, support at 3972 and 3962. The rebound strength is limited in the short term, and the large downward structure has not reversed.
2. From the news perspective, there is no major U.S. economic data today. The dollar remains in high-level consolidation. The interest-rate-cut sentiment driven by yesterday’s retail and employment data continues to intensify; market rate-cut expectations are still being pushed back. Spot gold lacks an upside catalyst, so the room for rebound is limited.

Strategy:
Sell (bearish) in the 4000–4038 range on rebounds, with targets at 3970 and 3960.
Note: This is for reference only and does not constitute any investment advice. $XAUT