7.23 Gold early report: The midnight spike-hold and take-profit plan was executed precisely, as gold prices fell from the high to correct

Yesterday’s midnight forecast that the overbought conditions at the top were under pressure and that chasing longs was not advisable was completely correct. After gold surged to the 4166 phase high, it turned and pulled back. In the morning, it continued to run a pullback and correction. The market rhythm perfectly matched the forecast.

Technical analysis: 30-minute Bollinger Bands—upper band 4162.33, middle band 4139.25; 1-hour Bollinger Bands—upper band 4157.78, middle band 4130.32. The price has fallen below the Bollinger middle band, and the RSI has dropped to a low level, indicating short-term pullback demand has been released.

Trading range: 4116–4162. Overhead pressure at 4130 and 4162; support below at 4116 and 4102.

Keke’s recommendation: Focus on buying on dips during the day. Go long around 4100–4120, targeting 4130 and 4160. If it breaks down, watch for prices to move above 4170. If the rebound faces resistance, consider a small-position short-term short to bet on a short pullback. Control position size strictly and set stop-losses strictly.

Disclaimer: The above is only my personal opinion and does not constitute investment advice. $XAUT