7.24 QIngchuan afternoon gold chart analysis

From the four-hour cycle, the bearish pattern remains clearly defined. The moving averages are overall arranged downward; the Bollinger Bands continue to open and fall. The downside channel has been fully opened, and the key boundary levels are clearly visible.

In the short term, the key support lies around 4000-4010. The overhead pressure zone is between 4060 and 4080.
At present, market sentiment is relatively cautious; trading activity is not active. Sideways consolidation at low levels is only a pause during the decline and is not a bottoming signal. Going forward, the overall bias is toward weaker consolidation.

Practical reference:
If the price rebounds to the 4040-4045 range, you can set up a short position. Targets are 4020-4000. Set risk control/defense above 4055.#布伦特原油重返100美元 $XAUT ‌