7.17 Gold evening wrap: The midday high-altitude setup was precisely兑现; the short side pattern remains unchanged in the evening

The high-altitude strategy and levels given in the midday report hit exactly. After the gold price rebounded and met selling pressure, it fell as expected, successfully reaching the 3970 target level. Both the timing and direction were fully anticipated correctly, and the market logic dominated by the shorts continues to hold.

Technical analysis: On the 30-minute chart, Bollinger upper band 4005.98, middle band 3992.39, lower band 3978.79. The channel trends downward, and the gold price is moving under pressure along the middle band. On the 1-hour chart, Bollinger upper band 4000.88, middle band 3987.48, lower band 3974.09. Price stays in a weak range between the middle and lower bands, with the RSI oscillating on the weak side and no effective rebound momentum.

Short-term pressures: 3992, 4005.
Supports: 3978, 3969.

Keke’s suggestion: In the evening, continue to focus on selling on rebounds. Short around 3990-4010, with targets at 3975 and 3965. Execute with a strict stop loss.

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