No major economic data is scheduled to be released today. In the early session, gold prices are expected to continue choppy consolidation within the Bollinger Band range. Yesterday saw a tug-of-war between bulls and bears, with momentum essentially balanced; gold also kept repeatedly moving within a fixed range for a long period.

The U.S. dollar staying at a high level continues to put persistent pressure on gold. At the same time, market demand for safe-haven remains weak, making incoming buy orders scarce; support at lower levels is clearly insufficient. After gold previously tested around 4040 and met resistance with a sharp pullback, it is now continuing to trade under the Bollinger middle band, putting it under ongoing pressure. The channel is gradually narrowing, the bears’ advantage has increased, and overall price action in the short term remains a weak, range-bound consolidation.

In terms of trading strategy: it is suggested to place short positions in batches when prices rebound to the 4020-4030 resistance area, take profit in stages—first target at 4000, second target at 3980. If key support below is broken, downside room will open further, and 3950 can be considered. #夏日创作营