7.23 Gold trading ideas and operation suggestions


After the market opened in the morning, it fluctuated upward and then surged higher. The price kept rising and touched the 4140 phase high point. After that, it came under pressure and quickly pulled back. The current price is 4123.
After the earlier pullback, the bearish momentum had been fully released. Then the bulls kept pushing and launched an offensive, forming a strong “probe the low and rebound” structure. However, after a short-term spike, the momentum quickly weakened. The price fell back to near the short-term moving averages. During the day, it has entered a pullback and correction phase. Overall, the trend still favors a sideways-to-upward rhythm.
The trading approach remains primarily to go long on dips following the trend, supplemented by shorting near the highs:
Wait for a retest near the 4115 support zone to set up long positions. The primary target is the 4140 area. If there is a valid breakout, the upside space will be further opened. If the rebound touches 4140 and meets resistance, you can lightly bet on a pullback. Strictly manage risk and stay flexible in following the market rhythm#GOOGL财报亮眼但盘后跌超3% $BTC $ETH
BTC-0.28%
ETH0.06%
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