7.27 Evening Trading Ideas


News: The big-picture trend pressure hasn’t changed. The rebound doesn’t count as a reversal. The global central banks’ gold-buying is indeed propping up gold prices at the bottom, but the Fed’s high-interest-rate “mountain” is still pressing overhead. As long as the September rate-hike expectations don’t ease, it will be difficult for gold to break out into sustained strong gains—so all current rebounds can only be viewed as corrections.
Technical Analysis: Resistance Levels: 4090-4100 (strong pressure), 4120-4130
Support Levels: 4065-4075
Trading Plan: Look to do at around 4115-4120 after the rebound, with targets toward around 4070-4065.
#直通IPO第二期JerseyMikes $XAUT
XAUT-0.35%
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