7.27 Gold evening Silk Road analysis

The market is waiting for the Fed’s rate decision. Market expectations are that interest rates will remain unchanged. The rally in U.S. Treasuries is slowing down, geopolitics provide support, short sellers’ downside momentum is limited, price action is choppy with recovery, and the short term is biased toward rebound.

After a pullback, price holds steady; the drop is only for adjustment, and the trend has not reversed. Support is at 4070-4080, with rebound resistance at 4100 and 4115.

Trading plan: go long at 4080-4090, defend at 4060, and look for targets at 4120-4150

Note:
The above analysis is Muyu’s personal view. Markets change rapidly; the content is for reference only and does not constitute any investment advice!
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