7.21 Gold + BTC Full-Day Recap

I. Gold

Today’s core driving force is geopolitical risk aversion. The situation in the Strait of Hormuz has heated up, with funds flocking into safe-haven assets.
In the early session, gold prices opened around 4010. The support was expected to be solid, so longs were staged with layered orders placed in batches: add-ons at 4010/4030/4040 to avoid the risk of going all-in at once.
Throughout the session, the market rose steadily with a bullish trend. Pullbacks did not break key support levels. Positions were held into the afternoon above 4070, with profit taken in batches, realizing gains across the board.
In the evening, price spiked to 4084 and then fell off on short-term overbought conditions. The current price is 4058, consolidating. The bigger trend remains bullish. Don’t chase longs