July 17 Revenue Collection “Lady”—Huang Yu Late-Night Commentary

The over-performing pair has seen a strong repair and rebound; in the short-term “dahou” phase, it stages a partial comeback

1. Looking back at the order book: after gold prices probed the low at 3,959, they saw a sharp rebound and surge. The current price is 4,019. The hourly chart has pierced upward through the Bollinger middle band at 3,991, approaching the Bollinger upper band at 4,016.59. Buying interest has clustered and entered at the lows. The key resistances above are 4,033 and 4,081. The supports below are 3,991 and 3,965. In the short term, downside momentum has been fully released, and the repair rally has officially started.

2. From the news backdrop: the US dollar at a high level has pulled back slightly. The “shock” sentiment caused by earlier bearish data has been fully digested. The market’s short-term profit-taking has driven the bounce in gold prices. There is no major data to suppress it at present, and there is room for the short term to continue repairing upward.

Strategy:
Pull back to the 3,990–3,995 range to position for “dahou,” with targets at 4,033 and 4,070.

Note: The ideas are for reference only and do not constitute any investment advice. $XAUT