$XAU 7.28 AM gold trading ideas



Yesterday’s strategy was to go from around 4120 to 4160, and it landed perfectly. Today, the overall direction continues to look bearish [箜].

From the 1-hour timeframe trend, the bearish structure is clear: every time price touches the upper band, it quickly falls back. Consecutive bearish candles have kept breaking through the middle band and short-term support levels. The MACD green histogram continues to expand. Intraday rebounds are weak, and bullish follow-through is clearly insufficient.

Trade reference: look bearish in the 4080-4090 range [箜], with targets at 4030-4010.

If the rebound suddenly strengthens, wait for it to stabilize before taking the position.
XAU-1.28%
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