7.24 Midnight Gold Commentary: Bulls make a desperate comeback! Gold rockets up by 60 points—the rebound “up in the air” approach remains unchanged.

Gold has printed a complete intraday bottoming-out and rebound reversal. In the early session, it continued weak, ranging and pushing lower; in the evening, it surged to around 4082. The short-term rebound exceeded 60 points. After spiking higher, it moved into a phase of mild pullback and consolidation, with the short-term bullish structure clearly defined. $XAU

Market expectations for a Fed rate cut have once again heated up. The US dollar index is under pressure and has pulled back, directly easing the downward drag on gold prices. Combined with ongoing uncertainty in the global economy, safe-haven buy orders gradually returned to the precious metals market.

On the 15-minute cycle, price was strongly lifted from the BOLL lower band. After breaking through the mid-band resistance, it held steadily above the short-term moving averages. MACD flipped from green to red, with the red histogram continuing to expand—short-term bullish momentum is sufficient. $AKE

Position short orders in the 4080–4100 range, targeting 4040 and 4020
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