1. Core logic



- 4100 is the key long/short dividing line: if it falls below 4100, it enters a corrective trend and becomes difficult to continue moving higher; if 4100 is held, it still has rebound momentum.

- Overall outlook: in the evening, it is likely that the market will mainly trade in a corrective trend.

2. Key levels

- Resistance overhead: 4140 (today’s high), 4166 (prior high); if it holds above 4140, there is potential to test the 4180-4200 range upward.

- Support below: 4100 (key support), 4060, 4040; if it breaks below 4040, downside will accelerate.

3. Trading approach

- If it rebounds to around 4140 and faces resistance, consider a small position to short; place the stop-loss above 4166.

- If it pulls back to around 4100 and receives support, consider a small position to go long; place the stop-loss below 4090.

- If it breaks below 4100, the short-term trend weakens; rebounds near resistance levels should mainly be sold short.

The above are my personal views and do not constitute any trading advice. Investing involves risk; enter the market with caution.$XAUUSD
XAUUSD0.08%
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oiooio
· 07-23 14:50
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