7.19 Gold

Market volatility is ever-changing and unpredictable, and the core logic of trading is always to follow the trend. Avoid subjectively catching the bottom against the trend, holding positions emotionally, and stubbornly forcing through losses—blindly holding on will only keep you trapped in passivity, and you’ll miss swing-trading profit opportunities for nothing.

Looking back at this week’s price action, gold prices fluctuated and churned. After pushing higher, they faced pressure and pulled back; the lows saw only brief rebounds, with frequent switching between bulls and bears. Throughout the entire process, we stuck to a bearish mindset. On Friday, when gold rebounded and tested the 4000-4010 resistance zone as expected, it weakened accordingly. The short-term bearish trade profits were successfully realized. Into the close, it finished at 4016; a modest short-term rebound at the end of the session could not reverse the medium-term weak downward pattern.

Gold: Short in the 4035-4050 range. Targets are 3955-3960 in sequence. If it breaks, then look lower to $BTC $GT $ETH