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This Week’s Yellow Croaker Weekly Summary (7.13-7.17)
This week, gold prices overall traded with volatility and declined. The upward momentum from the earlier rise has been completely exhausted. With external indices continuing to exert pressure, rebounds have been weak, and the high-level “follow the trend” approach has been fully realized.
In the short term, the market outlook is still relatively weak. Next week, priority should be given to selling rallies. Only with an effective breakout above the resistance will a repair come; do not blindly bottom-fish! $XAUT