7.27 Morning Gold Market Analysis

In the past several trading days, gold prices have continued to maintain a wide-range sideways oscillation, and the up-and-down rhythm in the range basically matches earlier forecasts.

On the four-hour timeframe, the gold price is in a period of moving-average convergence. Bulls and bears are locked in a deadlock. Above, 4086 is a strong suppression level from the 20-period moving average. Below, 4008, the low point, forms a key support. There is no clear one-way direction for the market yet; it is in a phase of choosing direction. For the short term, the priority is the sideways trading approach—wait patiently for an effective breakout signal.

The U.S. Dollar Index is trading in a sideways range at high levels, continuously limiting the space for gold’s rebound.

Gold: place long orders in the 4060-4080 range, with targets at 4080 and 4100. If it breaks, look higher; set and hold your defense. $BTC $GT $ETH