7.27 Jin Ke Gold Evening Review: time and again attempts fail—crushed down from above! Gold bulls lack staying power

Gold’s upside push remains consistently weak during the day. The follow-the-trend buying that the bulls attempt fails to keep up for long; in the Asian and European sessions, it repeatedly surged toward key resistance levels, only to be intercepted and pushed back down by short-selling pressure. Bull and bear battled back and forth all day, and overall price action kept to a narrow range. $XAU

With the Fed’s July policy meeting entering the countdown, market expectations for a September rate hike continue to heat up. U.S. Treasury yields remain range-bound at high levels, and the carrying cost of non-yielding gold rises sharply. Institutional long positions pull back early, and buying momentum declines significantly. $ETH

In the evening, price briefly surged to the 4103 area, then quickly hit resistance, turned, and subsequently began a sideways-to-downward move. The intraday high has stepped down one level after another, and it is currently consolidating around 4095. In the short term, the bull rebound attack is clearly not strong; the market remains on the weaker side. Choosing the direction on a larger timeframe still requires waiting for U.S. session funds to step in and set the tone.

Sell orders in the 4100–4120 range on the rebound, targets 4080 and 4050
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